Airline SAS to raise 12 bln SEK of new funding in recapitalisation plan

by Reuters
Tuesday, 30 June 2020 06:14 GMT

STOCKHOLM, June 30 (Reuters) - Scandinavian airline SAS said on Tuesday it had agreed on a recapitalisation plan with its main owners to restore equity of 14.25 billion Swedish crowns ($1.53 billion) and secure around 12 billion of new funding.

The plan is supported by biggest owners Sweden, Denmark and the Knut and Alice Wallenberg Foundation, SAS said in a statement. ($1 = 9.3425 Swedish crowns) (Reporting by Anna Ringstrom; editing by Niklas Pollard)

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