Air France-KLM announced plans to increase its stake in Scandinavian airline SAS from 19.9% to 60.5%, thereby acquiring a majority controlling interest. The French-Dutch airline group intends to purchase the shares held by major SAS shareholders Castlelake and Lind Invest. This move aims to strengthen Air France-KLM's position in the European aviation market and enhance its ability to compete with rivals such as Lufthansa and IAG. The transaction has been described as long in the making by SAS's CEO and is expected to close in the second half of 2026. The acquisition will integrate SAS into the Air France-KLM group, providing the Scandinavian carrier with greater opportunities for growth and operational expansion.