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SAS Will Join SkyTeam Alliance in Ownership Shakeup
No time set for leaving ...
After filing for bankruptcy last year, the Copenhagen-based airline announced it found some new owners: A U.S. investment firm, the Danish government, and … Air France-KLM. In doing so, it'll pull SAS into the SkyTeam alliance along with Delta, Korean Air, Virgin Atlantic, and other carriers, the airline confirmed.
There's no clear timeline for SAS's exit from the massive Star Alliance, though it won't happen immediately – the airline's news release says only that it will “eventually join” SkyTeam. Plus, the entire deal is contingent on a slew of regulatory approvals to move ahead.