Scandinavian Airlines bets on recovery with record €8.75 billion Airbus plane order

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Scandinavian airline SAS confirmed document orders at a press convention in Copenhagen on Tuesday, pledging to herald as much as 40 twin-aisle planes from Airbus’ A330 household to replace and develop its long-haul fleet.

At checklist worth, the jet would have a complete worth of greater than $10 billion (8.75 billion euros), however as is business customary, SAS doubtless negotiated steep reductions for such giant purchases.

The order targets a mix of recent, extra fuel-efficient A330-900s, a part of the upgraded A330neo collection, and older A330-300s to help the airline’s development within the quick time period.

With first deliveries scheduled from the early 2030s, the dimensions of the hassle represents a outstanding turnaround.

SAS emerged from Chapter 11 chapter safety in 2024 after a painful reorganization that worn out billions of {dollars} in debt, delisted its inventory and introduced in new house owners led by Air France-KLM Group.

As a part of the overhaul, the airline left the Star Alliance group and joined rival SkyTeam group.

The restoration has since accelerated, with SAS on observe to return to working revenue in 2025 after struggling heavy losses within the earlier 12 months.

The take care of Airbus follows final 12 months’s order for 55 Embraer regional jets, with Airbus presenting the built-in funding as a cornerstone of its plans for the following 10 years.

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Why Airbus received

The choice marks a notable victory for European producer Airbus over U.S. rival Boeing, which was competing for the 787 Dreamliner and 777X.

SAS already operates Airbus A330s on its long-haul community, and by persevering with to make use of the identical producer, it avoids the numerous prices of retraining, spare elements and floor help for introducing a completely new sort of plane.

The logic of fleet commonality runs by way of the complete order.

SAS mentioned the extra A330-300 might be totally appropriate with current Airbus operations, whereas the brand new A330-900 will share the overwhelming majority of airframe parts with its predecessor.

For Airbus, the win provides one other European flag service to a widebody order guide already bulging with airways competing to switch getting older and inefficient jets.

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