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SAS Group
SAS AB, trading as SAS Group, is a Swedish airline holding company headquartered in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines, SAS Link, and SAS Connect. As of 2024, SAS Group is owned by a group of shareholders including the American investment fund Castlelake, L.P. (in turn controlled by Brookfield Asset Management) with a 32% stake, the Government of Denmark (through the Ministry of Finance) with a 25.8% stake, Air France-KLM with a 19.9% stake and the Danish family office Lind Invest with a 8.6% stake. This ownership structure emerged after the company exited U.S. Chapter 11 bankruptcy in August 2024, a process initiated in July 2022 due to the group's financial difficulties. SAS was formed as a consortium in 1951, as a merger between the three Scandinavian flag carriers Aerotransport (ABA - Sweden), Det Danske Luftfartselskab (DDL - Denmark), and Det Norske Luftfartselskap (DNL - Norway), after the three had been cooperat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAS Ground Handling
SAS Ground Handling is Europe's third-largest full-service provider of aircraft ground handling and airport related services. SAS Ground Handling is the largest ground-handling company in Scandinavia. History As of 1 July 2010 SAS Ground Services is renamed to SAS Ground Handling. SAS Ground Handling serves more than 30 airports in Denmark, Norway and Sweden and has about 8400 employees. SAS Ground Handling is owned by the SAS Group. As part of the Core-SAS strategy formed by the SAS Group in February 2009, some of SAS Ground Handling operations were divested or outsourced: *SAS Ground Services Finland was divested to ISS Palvelut in July 2009. *SAS Ground Services UK was divested to ASIG in June 2010. On 7 March 2013 Swissport International Ltd. ("Swissport") and Scandinavian Airline Systems ("SAS") announced that they signed a letter of intent creating the basis for continued negotiations between the two companies, aiming at an agreement to transfer full ownership of SAS G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Det Norske Luftfartsselskap
Det Norske Luftfartselskap A/S (literally "The Norwegian Aviation Company") or DNL, trading internationally as Norwegian Air Lines, was an airline and flag carrier of Norway. Founded in 1927, it operated domestic and international routes from 1935 to 1941 and from 1946 to 1951. It became one of the three founders of Scandinavian Airlines System (SAS) and became one of its three holding companies from 1951, with a 28% stake and listed on the Oslo Stock Exchange. DNL was renamed SAS Norge ASA in 1996 and was merged in 2001 to create the SAS Group. The company was founded as Det Norske Luftfartselskap Fred. Olsen A/S in 1933, after Fred. Olsen & Co. took over the assets of a failed airline with the same name from 1927. After taking over the incumbent Widerøe the following year, allowing five other shipping companies a partial ownership and changing the company's name to Det Norske Luftfartselskap Fred. Olsen & Bergenske A/S, DNL started domestic seaplane routes based at Oslo Air ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Office
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets, with the goal being to effectively grow and transfer wealth across generations. The company's financial capital is the family's own wealth. Family offices also may handle tasks such as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, management of legal affairs, family management services, family governance, financial and investor education, coordination of philanthropy and private foundations, and succession planning. A family office can cost over $1 million a year to operate, so the family's net worth usually exceeds $50–100 million in investable assets. Some family offices accept investments from people who are not members of the owning family. Some firms that cater to multiple clients offer personality psycholog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air France-KLM
An atmosphere () is a layer of gases that envelop an astronomical object, held in place by the gravity of the object. A planet retains an atmosphere when the gravity is great and the temperature of the atmosphere is low. A stellar atmosphere is the outer region of a star, which includes the layers above the opaque photosphere; stars of low temperature might have outer atmospheres containing compound molecules. The atmosphere of Earth is composed of nitrogen (78%), oxygen (21%), argon (0.9%), carbon dioxide (0.04%) and trace gases. Most organisms use oxygen for respiration; lightning and bacteria perform nitrogen fixation which produces ammonia that is used to make nucleotides and amino acids; plants, algae, and cyanobacteria use carbon dioxide for photosynthesis. The layered composition of the atmosphere minimises the harmful effects of sunlight, ultraviolet radiation, solar wind, and cosmic rays and thus protects the organisms from genetic damage. The current composition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Denmark
The Cabinet of Denmark (), officially the Government of the Kingdom of Denmark (), is the national cabinet of the Kingdom of Denmark. It has been the chief executive body and the government of the Danish Realm—Denmark proper together with the Faroe Islands and Greenland — since the ratification of the Constitution of Denmark in 1848. The Cabinet is led by the Prime Minister. There are around 25 members of the Cabinet, known as "ministers", all of whom are also heads of specific government ministries. The Cabinet has usually been composed of Ministers from two or more parties forming a coalition government. Still, most of these governments have been minority governments, relying on the support of still other parties. Cabinets are formally appointed by the Monarch. In practice, once a government has stepped down, there is a fixed set of rules for appointing an investigator (most often the future Prime Minister), with the job of trying to form a new government. The Prime Minist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brookfield Corporation
Brookfield Corporation is a Canadian multinational company that is one of the world’s largest alternative investment management companies. It has over US$900 billion of assets under management, much of which is workers’ deferred income from global public pension funds. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield Corporation's headquarters are in Toronto, while its subsidiary Brookfield Asset Management has been based in New York since 2024. The current Brookfield Corporation is the creation of the 1997 merger of Edper and Brascan. At its inception, the company was known as EdperBrascan, then changed its name to Brascan in 2000, and Brookfield Asset Management in 2005. In December 2022, the company renamed itself Brookfield Corporation (traded as BN) and spun off its asset management busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Fund
An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification (finance), diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scandinavian Airlines Connect
Scandinavian Airlines Ireland Ltd, also known as SAS Connect, and previously ''SAS Ireland'', is a subsidiary of Scandinavian Airlines (SAS), and by extension SAS Group. The airline exclusively operates flights on behalf of SAS with a fleet of Airbus A320neo aircraft. History SAS set up the subsidiary as SAS Ireland in early 2017 and expected it to be operational by 1 November 2017. Initially, the airline was expected to be equipped with nine brand new Airbus A320neo; five aircraft to commence flights out of London Heathrow, and later from Málaga Airport, Málaga in spring 2018, with the remaining four aircraft on behalf of its parent company. SAS' intention was to replace its own aircraft with cheaper ones crewed and based outside Scandinavia to compete better with other airlines. The airline did not intend to employ its own staff, which was instead carried out by CAE (company), CAE, an aviation recruitment firm. CAE subsequently began the employment of the back end personne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
