SAS will issue 4 million new preference shares at 500 per share, thereby raising SEK 2 billion. We also want the airline to issue a convertible bond issue of up to 2 billion.
Friday morning, the company also announced that it has entered into a financing agreement with a major bank UBS at 150 million euros.
Despite profits last year, after sharp cutbacks in the company, SAS need new capital to finance the renewal of the fleet.
equity also needs to be strengthened, since SAS last year had to write down equity by 6.8 billion due to pension obligations.
According E24 Ministry of Industry announced in January that it will seek parliamentary approval to raise new capital in the General Assembly for SAS 18 February. (© NTB)
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