SAS Group

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SAS AB

Company type	Private State-owned (Denmark)
ISIN	SE0003366871
Industry	Aviation
Founded	1946; 78 years ago (1946), merger of ABA (1924), DDL (1918), and DNL (1927)
Headquarters	SAS Frösundavik Office Building, Solna, Stockholm, Sweden
Area served	Europe
Key people	Carsten Dilling (Chairman) Anko van der Werff (CEO)
Services	Airline services
Revenue	13.96 billion kr (2021)[1]
Operating income	−5.49 billion kr (2021)[1]
Net income	−6.53 billion kr (2021)[1]
Total assets	52.71 billion kr (2021)[1]
Total equity	6.42 billion kr (2021)[1]
Number of employees	7,532 (2021)[1]
Subsidiaries	Scandinavian Airlines SAS Connect SAS Link SAS Cargo Group SAS Technical Services SAS Ground Handling
Website	www.sasgroup.net

SAS AB,^[2] trading as SAS Group, is an airline holding company headquartered in the SAS Frösundavik Office Building in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines and SAS Connect. SAS once owned 19.9% of the now defunct Spanish airline Spanair as well as shares in Estonian Air and Skyways Express. SAS Group is owned by the American investment fund Castlelake with a 32% stake, the Government of Denmark through the Ministry of Finance with a 25.8% stake, the airline holding company Air France-KLM with a 19.9% stake and the Danish family office Lind Invest with a 8.6% stake.

The conglomerate was founded in 1951 as a merger between the three Scandinavian flag carriers Aerotransport (ABA—Sweden), Det Danske Luftfartselskab (DDL—Denmark), and Det Norske Luftfartselskap (DNL—Norway), 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 owned the Rezidor Hotel Group (owner of the Radisson SAS brand) and Braathens and had a minority interest in bmi, airBaltic, Texas Air, 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.