SAS Group

Scandinavian Airlines System Aktiebolag
Public
(OSE: SAS+NOK)
(OMX: SAS0SAS DKK)
Industry Aviation
Founded 1946, merger of ABA (1924), DDL (1918), and DNL (1927)
Headquarters Stockholm Arlanda Airport
Sigtuna Municipality, Sweden
Area served
 Europe
Key people
 Fritz Schur (Chairman)
Rickard Gustafson (CEO)
Services Airline services
Revenue Increase SEK 39.650 billion (2015)[1]
Increase SEK 1.417 billion (2015)[2]
Increase SEK 956 million (2015)[3]
Total assets Increase SEK 30.266 billion (2015)[4]
Total equity Increase SEK 6.339 billion (2015)[5]
Owner Government of Sweden (21.4%)
Government of Denmark (14.3%)
Government of Norway (14.3%)
Number of employees
 11,288 (2015)
Website www.sasgroup.net

Scandinavian Airlines System Aktiebolag[6] (OSE: SAS+NOK, OMX: SAS, SAS DKK), trading as SAS Group and SAS AB, is an airline holding company based at Stockholm Arlanda Airport (ARN) in Sigtuna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines, Blue1 and 20% of Widerøe. SAS used to own 19.9% of the now defunct Spanish airline Spanair. It also owns 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, and Skyways Express. SAS Group is partially owned by the governments of Sweden, Denmark, and Norway, with a 21.4%, 14.3%, and 14.3% ownership, respectively. The remaining 50% is held by private owners, of which Foundation Asset Management at 7.6% is the only significant one. 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, Thai Airways International, and Lan Airlines. 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.

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.

Radisson hotel in Oslo no longer managed by SAS as of 2009. (This picture was taken in May 2005.)
SAS Group Milestones

Operations

SAS Group is the main operational company in the SAS consortium. As of November 2015 the SAS Group company structure looks as follows:

Core SAS Holdings
SAS Individual Holdings

Head office

Scandinavian Airlines head office at Arlanda Airport
The former Scandinavian Airlines head office

The SAS Group head office is located on the grounds of the Stockholm Arlanda Airport (ARN) in Sigtuna Municipality, Sweden.[7]

Before spring 2011, it was located in Frösundavik, Solna Municipality, Sweden, near Stockholm.[8][9]

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 7.6%
State of New Jersey Pension Fund Pension fund United States United States 2.1%
Unionen Labour union Sweden Sweden 1.4%
Fjärde AP-fonden (The Fourth AP Fund) Pension fund Sweden Sweden 1.1%
Första AP-fonden (The First AP Fund) Pension fund Sweden Sweden 0.9%
Six Sis AG Financial services Switzerland Switzerland 0.9%
Andra AP-fonden (The Second AP Fund) Pension fund Sweden Sweden 0.8%
Other shareholders 32.8%
Source: [10]

Presidents

Financial performance

Year ended Passengers flown[11] Employees (Average/Year) Net profit/loss (SEK) Basic eps (SEK)
2010[12] Increase25,200,000 Decrease14,801 Increase-2,218,000,000 Increase-7.79
2009[13] Decrease24,900,000 Decrease18,786 Increase-2,947,000,000 Decrease-18.20
2008[14] 29,000,000 24,635 -6,360,000,000 -6.29
2007[14] 29,200,000 26,538 1,234,000,000 3.87
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

Fleet

SAS Group BAe 146.

The SAS Group fleet consists of the following aircraft as of May, 2014:

Type SAS Blue1 Widerøe Total Notes
Airbus A319-100 4 4 OY-KBO in retro c/s
Airbus A320-200 13 13
Airbus A321-200 8 8
Airbus A330-300 4 4
Airbus A340-300 8 8
Boeing 717-200 5 5
Boeing 737-600 27 27
Boeing 737-700 28 28
Boeing 737-800 29 29
Bombardier CRJ900 12 12
Total 133 9 - 142

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.[15]

On August 26, 2010 the SAS Group announced a 5-year lease agreement of 8 MD-90 series aircraft to an undisclosed US airline. The aircraft will be delivered between Q3-2010 and Q2-2011.

Destinations

SAS Museum

The exhibits at the SAS Museum at Oslo Airport, Gardermoen, in Norway, 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 Oslo's 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 Swedish, Danish, and Norwegian historic societies.

References

  1. ↑ http://www.sasgroup.net/en/wp-content/uploads/sites/2/2016/02/SAS-Annual-Report-2014-2015.pdf
  2. ↑ http://www.sasgroup.net/en/wp-content/uploads/sites/2/2016/02/SAS-Annual-Report-2014-2015.pdf
  3. ↑ http://www.sasgroup.net/en/wp-content/uploads/sites/2/2016/02/SAS-Annual-Report-2014-2015.pdf
  4. ↑ http://www.sasgroup.net/en/wp-content/uploads/sites/2/2016/02/SAS-Annual-Report-2014-2015.pdf
  5. ↑ http://www.sasgroup.net/en/wp-content/uploads/sites/2/2016/02/SAS-Annual-Report-2014-2015.pdf
  6. ↑ "Företagsfakta" (in Swedish). Swedish Companies Registration Office. Retrieved 27 February 2010.
  7. ↑ "Media Contact SAS Group. Retrieved on 27 January 2012. "Visiting address: Kabinvägen 5, Stockholm-Arlanda, Sweden"
  8. ↑ "SAS head office in Sweden." Scandinavian Airlines. Retrieved on 8 June 2009.
  9. ↑ "Cykelkarta 2007." Solna Municipality. Retrieved on 12 February 2010.
  10. ↑ "SAS Group Annual Report & Sustainability Report 2009" (PDF). SAS Group. Retrieved 2010.
  11. ↑ SAS Group
  12. ↑ SAS Group (2010). "SAS Annual Report 2010" (PDF). SAS Group. Retrieved 2011-06-23.
  13. ↑ SAS Group (2010). "SAS Annual Report 2009" (PDF). SAS Group. Retrieved 2011-06-23.
  14. 1 2 SAS Group (2009). "SAS Annual Report 2008" (PDF). SAS Group. Retrieved 2010-06-23.
  15. ↑ SAS sells 18 MD-80 surplus aircraft to Allegiant Travel Company

External links

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