SAS signs partnership deal with Apollo worth $421 mln (updated)

Sas AB

21/05/2024 14:16

(Adds detail in paragraph 2, background in paragraph 3)
       STOCKHOLM, May 21 (Reuters) - Scandinavian airline SAS
 SAS.ST  has signed a three-year strategic partnership deal
worth 4.5 billion Swedish crowns ($421 million) with travel
group Apollo, the carrier said on Tuesday.
        "The agreement means that SAS remains Apollo's major
charter operations partner in Scandinavia from the summer of
2025 through the summer of 2027," SAS said in a statement.
    A U.S. bankruptcy court in March approved SAS' Chapter 11
plan of reorganisation, ensuring the carrier's continued
operation.
($1 = 10.6948 Swedish crowns)

 (Reporting by Anna Ringstrom, editing by Terje Solsvik)
 ((anna.ringstrom@thomsonreuters.com;))