SAS Orders Up to 40 Airbus Widebody Aircraft for Over $10 Billion

Scandinavian airline SAS said today it would buy up to 40 Airbus widebody aircraft, the largest investment in the company's history. The order carries a list price of over $10 billion, the company said in a statement.

"The Airbus order represents the highest-value aircraft order ever placed by SAS, with a total list price of over $10 billion," the airline said.

The investment comes two years after SAS exited Chapter 11 bankruptcy, following years of financial strain and a pandemic-era collapse in travel demand. The airline, part-owned by Air France-KLM, used the restructuring to cut debt and renegotiate fleet agreements.

"Together, these investments will support the continued development of SAS' long-haul network, enhancing the airline's ability to connect Scandinavia with key international markets in the decades ahead," SAS said.