The shareholders of the Scandinavian SAS gave the green light for the recapitalization plan at an extraordinary general meeting on Thursday. This has been revised several times in the last few months, but can be implemented as agreed.

SAS also suffers greatly from the fact that Sweden, for example, does not have a short-time working model. As a result, many employees have already been laid off. The main shareholders Sweden, Denmark and the Knut and Alice Wallenberg Foundation are now pumping around 1,35 billion euros into the company. To this end, the group is making a capital increase. Furthermore, the governments of Sweden and Denmark are granting state-secured rescue loans. SAS boss Rickard Gustafson describes the step in a broadcast as an “absolutely necessary” measure in order to be able to maintain SAS. He received the approval of the shareholders positively.