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SAS Link

SAS Link is a of System (), operating as one of the carrier's dedicated platforms for short-haul and low-demand routes within and . Headquartered in , , it focuses on efficient regional connectivity using a fleet of E195 jets, supporting 's broader network from key hubs in , , and . Established in 2021 amid 's operational restructuring to enhance flexibility and cost efficiency, obtained its from the Swedish Transport Agency in early April 2022. The commenced services on April 10, 2022, with its inaugural flight operated on behalf of SAS from Kastrup Airport to . This launch aligned with SAS's strategy to separate regional operations from mainline and long-haul services, utilizing wet-lease partnerships for smaller aircraft deployments. As of November 2025, SAS Link maintains a fleet of 15 E195 aircraft, with an average age of 13.8 years, and continues to expand through additional acquisitions to meet growing demand. Operating under the brand with the IATA code and ICAO code SVS, it provides essential feeder services to 's international routes, including connections to the and via the alliance. The emphasizes in line with priorities, contributing to the overall resilience of one of Europe's flagship carriers.

History

Establishment

SAS Link was established in 2021 as a wholly-owned of within the , aimed at handling regional short-haul operations separately from the parent company's mainline activities. The creation of the airline formed part of SAS's broader strategic initiatives to streamline its structure amid the aviation industry's recovery from the , which had severely impacted the group's finances through reduced demand and ongoing operational costs. The primary rationale for founding SAS Link was to consolidate and optimize regional flying by segregating it from SAS's core long-haul and business-oriented services, thereby enhancing overall efficiency and operational flexibility. This separation allowed SAS to adapt more nimbly to a post-pandemic shift toward a higher proportion of leisure travelers on short-haul routes, while addressing competitive pressures in the market. By establishing a dedicated regional entity, the sought to reduce structural complexity and position itself for sustainable growth in an environment marked by financial challenges, including high debt levels and the need for cost controls. Initial regulatory steps included the acquisition of a Air Operator's Certificate (AOC # SE.AOC.0090) from the Swedish Transport Agency, which was granted in early April 2022 to enable independent operations. Additionally, SAS Link was assigned the ICAO airline code SVS and the callsign "" by the , with the designation formalized on December 16, 2021. These measures laid the groundwork for the airline's compliance with international standards and its ability to conduct flights under its own authority. Early planning emphasized the use of Swedish-registered aircraft to align with national regulatory frameworks and promote enhanced regional connectivity across , supporting the Group's goals for efficient domestic and intra-regional services. This approach facilitated access to Sweden-based operational advantages while focusing on bolstering links between smaller airports and major hubs.

Launch and Expansion

SAS Link commenced commercial operations on April 10, 2022, with its inaugural flight from Kastrup to , utilizing E195 to serve regional routes. This launch marked the realization of SAS Group's SAS Forward restructuring plan, which aimed to optimize short-haul operations amid financial pressures. In its debut fiscal year (ending October 2022), the airline incorporated four E195 into service, establishing a foundation for efficient regional connectivity. The period from 2022 to 2024 was shaped by Group's Chapter 11 bankruptcy filing in July 2022 and subsequent restructuring, culminating in emergence from proceedings in August 2024. This process prompted a strategic emphasis on regional flying through to achieve cost efficiencies and fleet right-sizing, with five additional E195s added during 2023. By November 2025, the fleet had expanded to 15 aircraft, supporting enhanced feeder services. Following 's integration into the alliance on September 1, 2024, operated as an affiliate, facilitating seamless connectivity within the network. Expansion accelerated in 2025, with the introduction of new domestic Swedish routes to , , and Sälen starting January 2025, aimed at bolstering intra-country links. Frequencies on key feeder routes in and were also ramped up to meet rising demand. To address seasonal variations, SAS Link contributed to winter program enhancements for the 2024-2025 season, including capacity boosts on routes for improved reliability during peak periods. In July 2025, SAS placed a major order for up to 55 E195-E2 aircraft for SAS Link, with firm orders for 45 and options for 10 more, marking the largest order in the airline's and supporting long-term regional expansion with deliveries starting in late 2027. These developments underscored the airline's role in SAS's post-restructuring growth strategy, prioritizing sustainable regional operations.

Corporate Affairs

Ownership and Governance

SAS Link AB is a wholly owned subsidiary of SAS AB, the primary operating entity within the , established as part of the group's efforts to optimize regional operations. Following SAS's emergence from Chapter 11 bankruptcy proceedings in August 2024, the , which encompasses SAS AB and its subsidiaries including SAS Link, is majority-owned by a of investors comprising Castlelake (32.0%), the Danish (26.4%), (19.9%), and Lind Invest (8.6%), with the remaining 13.1% held by other shareholders. In July 2025, announced its intention to acquire the stakes held by Castlelake and Lind Invest, increasing its ownership to 60.5%, subject to regulatory approvals. Governance of SAS Link is integrated into the broader framework, with oversight provided by the SAS AB , chaired by Kåre Schultz since September 2024, and the Executive Leadership Team led by President and CEO . This structure ensures alignment with the group's strategic objectives, including financial reporting, , and compliance with policies such as the and UN Global Compact principles, while allowing for operational autonomy in regional activities. Strategically, SAS Link functions as an internal platform dedicated to low-demand regional services, enabling SAS to deploy smaller, more fuel-efficient like the E195 on routes that support network flexibility without impacting the mainline . This role facilitates right-sizing of capacity and emissions reduction, as evidenced by the addition of one E195 in 2024. Financially, SAS Link is fully integrated into SAS's operations, sharing revenue streams and the , which boasts over 8 million members and serves as a key loyalty mechanism across the group. As a non-publicly entity, its financials—valued at a carrying amount of 55 million as of October 31, 2024—are consolidated within SAS AB's annual reports without independent disclosure.

Headquarters and Bases

SAS Link's headquarters is located in , , , where it manages administrative functions, aircraft maintenance coordination, and crew scheduling operations. This central facility supports the airline's overall strategy as a subsidiary of the , ensuring efficient oversight of its short-haul network across . The airline operates from three primary bases: (CPH) serves as the main hub, focusing on feeder services to European destinations; Oslo Airport (OSL) handles Norwegian domestic routes; and Bergen Airport (BGO) supports connectivity in . These locations are equipped to accommodate E195 aircraft, with ground handling services integrated through contracts with SAS Ground Handling and partner providers. All of SAS Link's aircraft are registered in Sweden, reflecting its legal base in the country despite multinational operations. The selection of these bases aligns with SAS's three-country model—encompassing , and Sweden—to bolster short-haul connectivity and seamless transfers to the parent company's long-haul hubs, such as for intercontinental flights. This infrastructure enhances regional accessibility while maintaining operational efficiency across the market.

Operations

Route Network

SAS Link operates a focused route network emphasizing regional and feeder services within and to proximate European destinations, integrating seamlessly with the broader system. The core network comprises intra- domestic routes connecting key cities across , , and , alongside short-haul connections to , such as , the , and the . This structure supports efficient point-to-point operations, with most flights under two hours in duration, all coded under the SK designator to enable straightforward connections for passengers. Prominent routes include services from (CPH) to Arlanda (ARN), Gardermoen (OSL), and Flesland (BGO), which form the backbone of daily intra-regional travel. From (OSL), connections extend to (TRD) and (SVG), enhancing domestic Norwegian accessibility. As of November 2025, these core routes continue to be operated using the E195 fleet. Seasonal offerings target winter , with flights to ski resorts like Sälen (SCR) in supported through wet-lease partnerships. Certain routes incorporate wet-lease arrangements with partners to optimize operational capacity.

Partnerships and Services

The SAS Group employs a wet-lease model to enhance operational flexibility on low-demand regional routes, including a partnership with Braathens Regional Airlines (BRA) for ATR 72 aircraft operations. In September 2024, SAS Group signed a long-term wet-lease agreement with BRA to bolster domestic connectivity in Sweden and provide feeder services to Copenhagen Airport (CPH). Under this arrangement, BRA supplies the aircraft, crew, maintenance, and insurance, allowing adjustment of capacity for seasonal demand variations while maintaining seamless integration into the broader SAS network, which supports SAS Link's regional connectivity. The airline's services emphasize cost-effective regional travel, featuring an economy-only configuration across its flights to prioritize affordability and efficiency. Passengers on SAS Link flights can earn and redeem miles through SAS's loyalty program, with points accrued based on distance flown and fare class, mirroring the parent company's structure for consistent rewards. Onboard offerings are streamlined for short-haul sectors, including complimentary coffee, tea, and water, with additional snacks and beverages available for purchase; connectivity is provided on longer routes, with free high-speed access rolling out fleet-wide starting late 2025 for members. As a of , which joined in September 2024, SAS Link holds affiliate status within the alliance, facilitating codeshare agreements and seamless connections with partners such as on trans-European routes. This integration supports efficient passenger transfers at key hubs like Arlanda and , enhancing the overall network reach without direct bilateral operations.

Fleet

Current Operations

As of November 2025, SAS Link operates a fleet of 15 E195 aircraft, all registered in with SE- prefixes and managed directly by the airline without reliance on external operators. These regional jets are configured in a single-class layout accommodating 122 passengers each, featuring a standard seat pitch of 31 inches for efficient short-haul service. The fleet's average age stands at approximately 13.8 years, though SAS emphasizes the E195's modern design for enhanced , achieving 15-30% lower consumption compared to older regional aircraft models like the or previously used in similar roles. This efficiency supports sustainable operations on SAS Link's network. The aircraft are dedicated exclusively to passenger services on regional routes of up to 1,500 km, such as intra-Nordic and feeder flights from bases including Arlanda (ARN) and Kastrup (CPH), with no or mixed-use capabilities. Maintenance activities are performed in accordance with standards at facilities including the base. This fleet enables SAS Link to handle 100% of its proprietary operations, maintaining high dispatch reliability rates exceeding % and on-time around 90% in line with parent company benchmarks for regional segments. Link has placed orders for fleet expansion to bolster capacity in the coming years. The aircraft operate in the standard livery.

Future Acquisitions

In July 2025, placed a firm order for 45 E195-E2 aircraft destined for its regional , along with purchase rights for an additional 10 aircraft, marking a significant step in fleet modernization. Deliveries are scheduled to commence in late 2027 and continue over approximately four years, allowing to replace older E195 aircraft in its current fleet of about 15 regional jets while expanding capacity. The E195-E2 features advanced PW1900G engines, offering up to 25% better fuel efficiency per seat compared to previous-generation regional jets, with a two-class configuration accommodating up to 146 passengers. This efficiency gain, combined with a 62% reduction in noise footprint, positions the aircraft to boost capacity on high-demand regional routes across and without increasing operational costs proportionally. Strategically, the order aligns with SAS Group's broader sustainability objectives, including achieving net-zero carbon emissions by 2050 through reduced fuel consumption and compatibility with up to 50% sustainable blends. It will facilitate more direct connections within , enhance network flexibility, and support SAS Link's expansion as part of the group's renewal efforts following its 2024 emergence from 11 bankruptcy protection. The acquisition, valued at approximately $4 billion at list prices, is fully integrated into SAS's ongoing fleet renewal program following its 2024 emergence from Chapter 11 bankruptcy protection, with no dedicated financing allocated specifically to SAS Link operations.

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