Looking for a specific product?

Make a search for products & suppliers, articles & news.

Transferred expensive SAS planes to Norway

SAS transferred two of their most expensive planes to Norway in order to escape foreign creditors in the case of bankruptcy.

In order to protect their planes from creditors, SAS moved two Airbus A330 jets and re-registered them in Norway, the Danish newspaper Politiken reports.

The planes are worth more than NOK 1 billion each, and have had their registration changed from Sweden and Denmark to Norway due to claims from the planes' owner, the French bank Crédit Agricole.

SAS has leased the planes since 2004. But as opposed to Sweden and Denmark, Norway has ratified the so-called Cape Town convention, which states that owners of planes and other "mobile activia" have a special protection against claims from creditors in case of bankruptcy.

The Danish plane was re-registered on October 16, weeks before SAS announced their savings plan and cuts, whereas the Swedish plane was moved last week, just days before the negotiations between SAS employees and the management.

Associated companies:


Related news

Latest news

Energy recovery plant decided at Elkem Salten

This is an attractive and important project for Elkem.

Exciting days in Brussels

AKVA group has already welcomed many visitors to its stand at Seafood Global Expo in Brussels.

DNV GL develops offshore safety guidance for Greek Regulator

The offshore major hazards guidance was presented..

Visit at Fiskaa from the Chinese ambassador to Norway

The Ambassador of the People’s Republic of China,

New emission rules 2020 - the reliable way to prove compliance

Reducing ship emissions is a top priority for IMO

United Technologies Opens State-of-the-Art Innovation Center, Announces Plan to Create 100 Additional Jobs

Employees working in the building today-

US Army Corps’ first F-10000 Davit

With space onboard Yaquina for davit operations limited, 

Chairman of IACS pinpoints three key themes of the Association’s strategy for the future

Commenting on the publication of the 2017 Annual Review, 

DNV GL launches alternative fuels white paper

For newbuilding vessels,