SAS future

Airbus rises on the Paris Stock Exchange after SAS's major investment

Airplane manufacturer Airbus rises on the Paris Stock Exchange after the announcement that SAS is buying 40 long-haul aircraft from the company in a deal worth around 100 billion kronor.

"The investments will support the continued development of SAS's long-haul network and strengthen the airline's ability to link Scandinavia closer to important international markets," SAS writes in a press release.

Around lunch, the share was up almost 2 percent at most, but has since fallen back slightly and closed up 1.7 percent.

Competitor Boeing also rose around 1 percent on Tuesday.

SAS confirms historic investment - buys 40 planes for over 100 billion kronor

SAS is making the largest investment in the company's history and is ordering 40 new long-haul aircraft worth over 100 billion kronor, the company announced at a press conference.

– It is the company's largest order, says CEO Anko van der Werff according to several media outlets.

The airline will continue its operations at Arlanda, but the hub for the new long-haul routes to be expanded will be in Copenhagen.

If everything goes as planned, the investments will result in 25,000 new jobs according to SAS by 2030. According to calculations from SAS, there will be around 4,000 new jobs in Skåne and southern Sweden, writes Sydsvenskan.

Yesterday, Anko van der Werff confirmed to Berlingske that SAS would present major investments.