SAS raises $75 million from Heathrow slot sale

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SAS raises $75 million from Heathrow slot sale

Postby Greg on Tue Mar 28, 2017 4:37 pm

Scandinavian Airlines (SAS) has sold two pairs of London Heathrow slots to an undisclosed buyer, raising $75 million from the transaction.

Before the sale, SAS had the sixth largest Heathrow slot portfolio with 19 daily slot pairs. This has now been narrowed to 17 pairs, although under the deal SAS can continue to use the two pairs for up to three years.

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