By Afplast Updated
ET Online and Agencies
Scandinavian carrier SAS said Tuesday that it would buy up to 55 aircraft from Brazilian manufacturer Embraer for 25 billion kroner ($3.95 billion).”We’ve signed a contract for 55 Embraer E195-E2″ planes, chief executive Anko van der Werff told a press conference, adding that the company would buy 45 planes in a first step, with an option for 10 more.After years of financial struggles due in part to the effects of the Covid-19 pandemic on travel, the airline was placed under Chapter 11 bankruptcy protection in July 2022 and embarked on a major cost-cutting plan.It completed its restructuring in August 2024.The first Embraer planes are expected to be delivered in 2027 and will mainly be used on routes in the Nordic region.Live Events”It’s like a renaissance,” Van der Werff said of the airline’s biggest investment since 1996.The planes are considered more fuel efficient and quieter than those currently in the carrier’s fleet.SAS’s main owners are the Danish and Swedish states as well as Air France-KLM.(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onSAS AirlinesEmbraeraircraft purchaseScandinavian Airlinesanko van der werffChapter 11 bankruptcyairline industryNordic region flightsSAS
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onSAS AirlinesEmbraeraircraft purchaseScandinavian Airlinesanko van der werffChapter 11 bankruptcyairline industryNordic region flightsSAS(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
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