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SAS raises $75 million from Heathrow slot sale
Mar 27, 2017 Victoria Moores

Scandinavian Airlines (SAS) has sold two pairs of London Heathrow slots to an undisclosed buyer, raising $75 million from the transaction.

Before the sale, SAS had the sixth largest Heathrow slot portfolio with 19 daily slot pairs. This has now been narrowed to 17 pairs, although under the deal SAS can continue to use the two pairs for up to three years.

“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,” SAS said.

SAS, which operates from London Heathrow to Copenhagen, Oslo, Stockholm and Stavanger, will post the proceeds of the sale to its second quarter results.

This is not the first time SAS has sold off part of its Heathrow slot portfolio. In 2015, the airline sold a pair of slots to Turkish Airlines and—in a separate transaction—transferred a pair to an unnamed major carrier.

https://www.airlinepilotforums.com/jetblue/100819-across-pond.html

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