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

Midtnorsk Havbruk chooses concrete barge from Steinsvik

The barge is the fourth in the Steinsvik’s concrete barge series.

New technical trainee blogpost: Furnaces, pumps and robots

Adam has just finished his second trainee rotation in Kristiansand

The Norwegian network of United Nations Global Compact launched today

Lise Kingo, CEO and Executive Director of the UNGC,

DNV GL and Goldwind join forces on development of digital certification tools

MyCertificate is the first digital certification solution for wind turbines,

DNV GL leads consortium to update Carbon Trust Floating LiDAR Roadmap

DNV GL, the world’s largest resource of independent energy experts and certification body,

PRESS RELEASE: Servogear to propel Asian built windfarm vessels

The contract with Cheoy Lee Shipyards was signed in Q2 2018.

SERVICEBULLETIN: Grease filling of the propeller system

SERVICEBULLETIN 180921: Grease filling of the propeller system

FILM: The world´s first HD220 gearbox returns for an overhauling

The gearbox has been operating flawlessly for more than 20.000 hours...

Øveraasen delivers machine number 66 to New York

Totally over the last ten years,