Sas London Heathrow Slots
SAS has sold two pairs of slots at Heathrow for USD 75 million to an undisclosed buyer.
Currently SAS is the sixth largest airline operating at London Heathrow measured in number of departures and before this transaction had 19 daily slot-pairs at London Heathrow, which now will be reduced to 17 daily slot-pairs.
SAS has entered into a slot transaction at London Heathrow whereby two slot-pairs have been transferred. The transaction will generate a positive earnings impact of the equivalent of MUSD 75 for SAS to be accounted for during the second quarter of the fiscal year 2016/2017 with a corresponding cash effect during the fiscal year 2016/2017. SAS is the sixth largest airline operating at London. According to SAS, currently the fifth largest holder of slots at London Heathow, the transaction will generate positive earnings of $60 million. Following the closure of this deal, SAS will now hold 20 daily slots at London Heathrow which it uses to offer non-stop flights to Copenhagen, Gothenburg, Oslo, Stockholm and Stavanger.
SAS can continue to use these two slot-pairs for up to three years.
SAS operates from London Heathrow to Copenhagen, Oslo, Stockholm and Stavanger. Even after the transaction, SAS will continue to offer a strong and comprehensive network between Scandinavia and London Heathrow. The intention is to maintain the seat capacity to/from London Heathrow through the use of larger aircraft on remaining departures.
In February 2015, SAS sold a slot-pair at Heathrow to Turkish Airlines for $22 million and another slot-pair to an undisclosed ‘major international air carrier‘ for $60 million.
Sas London Heathrow Slots Terminal
N.B. Image credit: sasgroup.net
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SAS has sold two pairs of slots at Heathrow for USD 75 million to an undisclosed buyer.
Currently SAS is the sixth largest airline operating at London Heathrow measured in number of departures and before this transaction had 19 daily slot-pairs at London Heathrow, which now will be reduced to 17 daily slot-pairs.
SAS can continue to use these two slot-pairs for up to three years.
SAS operates from London Heathrow to Copenhagen, Oslo, Stockholm and Stavanger. Even after the transaction, SAS will continue to offer a strong and comprehensive network between Scandinavia and London Heathrow. The intention is to maintain the seat capacity to/from London Heathrow through the use of larger aircraft on remaining departures.
In February 2015, SAS sold a slot-pair at Heathrow to Turkish Airlines for $22 million and another slot-pair to an undisclosed ‘major international air carrier‘ for $60 million.
N.B. Image credit: sasgroup.net
