SAS transfers two landing and take-off rights (”slot-pairs”) at London Heathrow and generates a positive earnings impact of MUSD 75
SAS has entered into a slot transaction at London Heathrow whereby two slot-pairs have been transferred.
The transaction will generate a positive earnings impact of the equivalent of MUSD 75 for SAS to be accounted for during the second quarter of the fiscal year 2016/2017 with a corresponding cash effect during the fiscal year 2016/2017.
SAS is the sixth largest airline operating at London Heathrow measured in number of departures and had before this transaction 19 daily slot-pairs at London Heathrow, which now will be reduced to 17 daily slot-pairs. As part of the transaction, it is agreed that SAS can continue to use these two slot-pairs for up to three years and maintain its present network.
SAS operates from London Heathrow to Copenhagen, Oslo, Stockholm and Stavanger. 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.