Air France-KLM plans to acquire a 60.5% stake in SAS, deepening integration and expanding its presence in the Nordic market.

Air France-KLM will initiate the process of raising its minority stake in Scandinavian airline SAS AB to 60.5%, as it looks to extend consolidation in the European aviation industry and better compete with rivals Deutsche Lufthansa AG and British Airways owner IAG SA.

Air France–KLM confirms plan for majority control of SAS, signaling a major shift in European aviation strategy and a landmark partnership that could reshape