Background & Purpose

The airline SAS began a financial restructuring process in a US court in July 2022. As part of this plan, SAS later applied for corporate reconstruction in Sweden.

Proposals & Debate

The government proposed an extra amending budget allowing the state to convert parts of its claims into new shares in SAS AB, without incurring any new state expenses.

The Decision

The Swedish parliament voted in favor of the government's proposal, granting the necessary approvals for the state's actions as a shareholder.

Does this affect you?

  • SAS Shareholders: Affected by the restructuring plan and the creation of new shares in SAS AB.
  • Swedish Taxpayers: Impacted through the management of state-owned financial claims without any new public spending.

In Practice

  • Part of the state's financial claims on the airline consortium are transferred to SAS AB.
  • The transfer matches the subscription price for new shares in SAS.
  • The measures do not lead to any new government expenditures.
  • All actions remain dependent on final approval from the European Commission.