SAS has joined a collaboration between Danish green hydrogen producers and Dutch industrial markets, in the presence of His Majesty the King Willem-Alexander of the Netherlands, His Majesty King Frederik of Denmark, Dutch Deputy Prime Minister and Minister for Climate Policy and Green Growth Sophie Hermans, and Danish Minister for Climate, Energy and Utilities, Lars Aagaard.
The partnership was formalised by signing a declaration at the Dutch-Danish Forum on hydrogen cooperation at the premises of Danish Industry.
This cross-country initiative aims to establish Northwest Europe’s leading green hydrogen cluster, bridging Danish production with Dutch demand. By enhancing green hydrogen infrastructure, the collaboration seeks to boost demand, advocate for government support, and secure funding to make green hydrogen a competitive energy source across the region.SAS is committed to playing a key role in driving this sustainable transformation, partnering with stakeholders to drive progress toward a more sustainable future for aviation.
“We’re very excited and proud to join forces in this green hydrogen partnership, which brings us closer to a sustainable future for aviation. If Europe is to meet its climate goals and strengthen energy security, public and private sectors as well as countries must work together to build a strong green hydrogen market. We're committed to doing our part to help drive real progress”, says SAS President & CEO, Anko van der Werff.
Chapter 11
SAS recently exited Chapter 11 bankruptcy, marking a significant milestone in its restructuring journey after filling for protection in July 2022. Its successful emergence was made possible through $1.2 billion in new investments from stakeholders such as Air France-KLM, Castlelake, Lind Invest, and the Danish government. This capital injection helped SAS reduce debt by $2 billion and streamline operations, including fleet simplification and cost-cutting measures aimed at saving approximately $731 million annually.
The airline’s restructuring under its “SAS FORWARD” plan includes optimising its network, upgrading its fleet, and focusing on sustainability goals like achieving net-zero emissions by 2050. A major strategic shift was SAS’s decision to leave the Star Alliance and join SkyTeam, aligning closely with Air France-KLM to expand its Nordic market presence. This move is expected to enhance connectivity for its passengers through partnerships with airlines like Delta and Virgin Atlantic.
This restructuring positions SAS as a more competitive player in the aviation market, with improved financial stability and operational efficiency.
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