SAS Scandinavian Airlines is considering an initial public offering (IPO) to support growth if Air France-KLM does not increase its stake beyond 19.9pc, according to CEO Anko van der Werff.
Van der Werff believes that optimizing resources among European airlines is crucial and sees the industry lagging behind the more consolidated U.S. market.
Air France-KLM, which acquired a 19.9% stake during SAS’s restructuring, has the option to become a majority shareholder by late 2026, contingent on meeting profitability targets.
SAS aims to join a larger joint venture to enhance its market position and has recently exited both the Star Alliance and Chapter 11, marking a significant step in its restructuring process.
