Castlelake, Air France-KLM, Lind Invest, and the government of Denmark to invest $475m in SAS equity and $725m in convertible debt of a Sweden-based airlines holding company. “This is an important day for SAS and for Air France-KLM. We are pleased to be part of the winning bidding consortium selected by the board of SAS. Air France-KLM looks forward to establishing strong commercial ties with SAS. With its well-established position in Scandinavia and strong brand, SAS offers tremendous potential to Air France-KLM. This cooperation will allow Air France-KLM to enhance its position in the Nordics and improve connectivity for Scandinavian and European travelers. We look forward to being a part of this new chapter in SAS’ history and thank the board of SAS for their trust,” Benjamin Smith, Air France-KLM CEO.