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SAS Group

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Scandinavian Airlines System Aktiebolag
Company typePublic
(OSE: SAS)
(Nasdaq Stockholm: SAS0SAS DKK)
IndustryAirline
Founded1946, merger of ABA (1924), DDL (1918) and DNL (1927)
HeadquartersSolna, Sweden
Key people
Mats Jansson (CEO)
Fritz H. Schur (chair)
Decrease SEK −765 Billion (2008)
Decrease SEK −6.321 million (2008)
Total assetsDecrease SEK 43.364 billion (2008)
Total equityDecrease SEK 8.682 billion (2008)
Number of employees
24,635 (2008)
Websitewww.sasgroup.net
SAS Group head office

Scandinavian Airlines System Aktiebolag[1] (OSE: SAS, Nasdaq Stockholm: SAS, SAS DKK), trading as SAS Group and SAS AB, is a holding company based in Solna, Sweden.[2][3] It is the parent company of the airlines Scandinavian Airlines, Blue1 and Widerøe, and the aviation services companies SAS Business Opportunities, SAS Cargo Group, SAS Ground Services and SAS Technical Services. It holds minority ownership of Air Greenland, Estonian Air, Skyways Express and Spanair. The SAS Group is partially owned by the governments of Sweden, Denmark and Norway, with a 21%, 14% and 14% ownership, respectively. The remaining 50% are held by private owners, of which Foundation Asset Management at 7.8% is the only significant. The company is listed on the Oslo Stock Exchange, the Stockholm Stock Exchange and the Copenhagen Stock Exchange.

The conglomerate was founded in 1951 as a merger between the three Scandinavian flag carriers Aerotransport (ABA), Det Danske Luftfartselskab (DDL) and Det Norske Luftfartselskap (DNL), after the three had been cooperating on international routes since 1946. Until 2001, the three national companies owned a fixed share of the SAS Group, after which the shares of the three companies were merged. The SAS Group previously has owned the Rezidor Hotel Group and Braathens and has had minority ownership of bmi, airBaltic and Thai Airways International. SAS was a founder of the Amadeus Computerised Reservation System and the Star Alliance, where several of the group's airlines are members. SAS runs the frequent flyer program EuroBonus.

Operations

SAS Group is the main operational company in the SAS consortium. From April 2009 the SAS Group company structure look as follows:

Core SAS
Affiliated Companies

Partners and alliances

List of major shareholders

Shareholder Type of shareholder Nationality Ownership
The Swedish Government Government Sweden Sweden 21.4%
The Danish Government Government Denmark Denmark 14.3%
The Norwegian Government Government Norway Norway 14.3%
FAM Foundations Sweden Sweden 7.4%
Unionen Labour union Sweden Sweden 1.8%
SEB Fonder Mutual fund Sweden Sweden 1.7%
Första AP-fonden Pension fund Sweden Sweden 1.6%
Danmarks Nationalbank Bank Denmark Denmark 1.4%
Goldman Sachs International Investment bank United States United States 1.3%
Andra AP-fonden Pension fund Sweden Sweden 1.3%
Nordea fonder Mutual fund Sweden Sweden 1.0%

History

The airline was founded on 1 August 1946 when Det Danske Luftfartselskab A/S, AB Aerotransport and Det Norske Luftfartselskap AS (the flag carriers of Denmark, Sweden and Norway) formed a partnership to handle intercontinental traffic to Scandinavia. Operations started on 17 September 1946. The companies then started coordination of European operations in 1948 and finally merged to form the current SAS Consortium in 1951. When established the airline was divided between SAS Danmark (28.6%), SAS Norge (28.6%) and SAS Sweden (42.8%), all owned 50% by private investors and 50% by their respective governments. SAS gradually acquired control of the domestic markets in all three countries by acquiring full or partial control of several local airlines. In May 1997 SAS formed the global Star Alliance network with Air Canada, Lufthansa, Thai Airways International and United Airlines.

SAS Group Milestones
  • 1918 Det Danske Luftfartselskab A/S (DDL), SAS' Danish parent company, is founded
  • 1920 DDL is listed on the Copenhagen Stock Exchange
  • 1924 AB Aerotransport (ABA), SAS' Swedish parent company, is founded
  • 1927 Det Norske Luftfartselskap A/S (DNL), SAS' Norwegian parent company is founded
  • 1946 SAS is formed from Det Danske Luftfartselskab A/S (DDL), Det Norske Luftfartselskap A/S (DNL) and Svensk Interkontinental Lufttrafik AB (SILA). The first intercontinental flight Stockholm - New York.
  • 1951 DDL, DNL and ABA form the present SAS Consortium.
  • 1954 SAS is the world's first airline to fly the Copenhagen - Los Angeles polar route in scheduled services.
  • 1955 SILA (which owned 50% of ABA) was quoted on the "Stockbrokers' List" in Sweden.
  • 1957 SAS is the first airline to offer "round the world service over the North Pole." North Pole Shortcut Copenhagen - Anchorage - Tokyo.
  • 1959 SAS enters the jet age. The first jet aircraft, Caravelle, in service.
  • 1960 SAS opens its first hotel, the SAS Royal Hotel Copenhagen. SAS helped set up Thai Airways International, taking a 30% share in the joint venture.
  • 1965 SAS is first to introduce an electronic reservation system.
  • 1967 DNL is listed on the Oslo Stock Exchange.
  • 1971 SAS puts its first Boeing 747 jumbo jet into service.
  • 1977 SAS sold its remaining stakes in Thai
  • 1980 SAS opens its first hotel outside of Scandinavia, the SAS Kuwait Hotel. SILA is listed on the Stockholm Stock Exchange
  • 1981 SAS EuroClass is introduced on all European routes.
  • 1982 SAS is the most punctual airline in Europe for the first time.
  • 1984 SAS receives Air Transport World's distinction "Airline of the Year" for 1983.
  • 1986 Spanair is founded.
  • 1987 Co-founder of Amadeus Computerised Reservation System (also known as GDS).
  • 1989 SAS International Hotels owns 40% of Intercontinental Hotels Group. This stake sold in 1992.
  • 1994 Focus on airline operations in the SAS Group - sale of a number subsidiaries, among with the franchise of Diners Club Nordic.
  • 1996 SAS celebrates its 50th anniversary on August 1. Harmonization and name change of SAS parent company to SAS Danmark A/S, SAS Norge ASA and SAS Sverige AB.
  • 1997 SAS is one of the founders of Star Alliance.
  • 1998 Air Botnia (Blue1) becomes a wholly owned subsidiary of the SAS Group.
  • 1999 The SAS Group becomes a majority owner of Widerøe
  • 2001 A single SAS share is established. On July 6, SAS is listed on the stock exchanges in Stockholm, Copenhagen and Oslo. Braathens is acquired by the SAS Group in December.
  • 2002 Rezidor SAS Hospitality signed a master franchise agreement with Carlson Hotels Worldwide.
Radisson SAS no longer managed by SAS
  • 2003 Acquisition of 49% of the shares in Estonian Air.
  • 2004 Incorporation of Scandinavian Airlines Sverige, SAS Braathens and Scandinavian Airlines Danmark.
  • 2006 SAS sold its remaining shares in the Hotel chain, Rezidor Hotel Group.
  • 2007 New CEO and President Mats Jansson, SAS sold SAS Flight Academy.

Presidents

Financial performance

Year ended Passengers flown [4] Employees (Average/Year) Net profit/loss (SEK) Basic eps (SEK)
2007 ? 21,898 636,000,000 -8,62
2006 38,609,000 26,554 4,936,000,000 28.10
2005 36,312,000 32,363 418,000,000 1.06
2004 32,400,000 32,481 -1,813,000,000 -11.38
2003 31,004,000 34,544 -2,221,000,000 -8.60
2002 33,254,000 35,506 -736,000,000 -0.81
2001 35,640,000 31,035 -1,140,000,000 -6.58
2000* 23,240,000 30,939 2,273,000,000 11.79
1999* 21,991,000 30,310 1,846,000,000 8.41
  • Before 2001 the SAS Group traffic figures did not include airBaltic, Blue1 and Spanair.

Fleet

The SAS Group fleet consists of the following aircraft as of December 2009: (240 aircraft)

Type Picture SAS Blue1 Widerøe Total
Airbus A319-100 4 4
Airbus A321-200
8 5 8
Airbus A330-300 4 4
Airbus A340-300
7 7
Avro RJ85/100
7 7
Boeing 737-400
4 4
Boeing 737-500
13 13
Boeing 737-600
27 27
Boeing 737-700
17 17
Boeing 737-800
16 16
Bombardier CRJ900 11 12 ordered total
deHavilland dash 100
18 18
deHavilland dash 300 7 7
deHavilland Q400 4 4+3 orders
Fokker 50
5 5
McDonnell Douglas MD-81
2 5
McDonnell Douglas MD-82/83
34 34
McDonnell Douglas MD-87
6 6
McDonnell Douglas MD-90 5 5
Total 158 12 29 199

On January 4, 2010 the SAS Group announced the sales of 18 surplus MD-80 series aircraft to Allegiant Travel Company. The aircraft, built from 1985 to 1991, will be delivered during the first half of 2010. [5]

SAS Museum

The exhibits at the SAS Museum at Oslo Airport, Gardermoen represent an important part of Scandinavian civil aviation history. The museum collections cover Scandinavian Airlines System (SAS) as well as its parent companies: AB Aerotransport (ABA), Det Danske Luftfartselskab (DDL) and Det Norske Luftfartselskap (DNL). A museum was originally established in 1989 in the hangar area at Oslo Airport, Fornebu at the same time as the formation of the DNL/SAS Historic Society. It was built up through the efforts of a group of enthusiasts among retired and active SAS employees. The establishment of the new museum in 2003/2004 is a result of SAS feeling a responsibility to document the history of Scandinavian civil aviation. For this purpose, the airline has entered a partnership with its three national historic societies and the latter undertake the day-to-day work on a volunteer basis. SAS absorbs the rental cost of the museum building and has also provided depots for museum exhibits in Denmark and Sweden. The museum at Gardermoen is therefore more than just a continuation of the facility at Fornebu – it is a completely new and considerably expanded Scandinavian museum. It is run by a board that includes representatives of the SAS consortium and the historic societies.

Destinations

Main article: SAS Group destinations

References

  1. ^ "Företagsfakta". Swedish Companies Registration Office. Retrieved 27 February 2010. {{cite web}}: Unknown parameter |langauge= ignored (|language= suggested) (help)
  2. ^ "SAS head office in Sweden." Scandinavian Airlines. Retrieved on 8 June 2009.
  3. ^ "Cykelkarta 2007." Solna Municipality. Retrieved on 12 February 2010.
  4. ^ SAS Group
  5. ^ SAS sells 18 MD-80 surplus aircraft to Allegiant Travel Company
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