Sumitomo Mitsui Banking Corporation – SMBC Group’s Post

SAS's restructuring plan, also known as SAS FORWARD, is a comprehensive plan to improve the airline's financial performance and ensure its long-term survival. The plan was announced in July 2022 and is expected to be completed in 2024. The key elements of the SAS FORWARD plan include: -Reducing costs: SAS plans to reduce costs by SEK 7.5 billion ($800 million) per year. This will be achieved through a combination of measures, including reducing the size of the fleet, renegotiating contracts with suppliers, and improving operational efficiency. -Restructuring the fleet: SAS plans to reduce the size of its fleet by 15% and focus on more profitable routes. The airline will also retire its older and less fuel-efficient aircraft. -Digital transformation: SAS plans to invest in digital technologies to improve customer service and reduce costs. This includes developing new mobile apps, improving the airline's website, and investing in self-service kiosks. -Becoming a leader in sustainable aviation: SAS plans to become a leader in sustainable aviation. This includes investing in new fuel-efficient aircraft, using sustainable aviation fuels, and reducing the airline's carbon footprint. -Accelerating the operating platform: SAS plans to accelerate the development of its operating platform. This includes investing in new technologies to improve operational efficiency and reduce costs. SAS is currently in the process of implementing the SAS FORWARD plan. The airline has already begun to reduce costs and restructure its fleet. It is also investing in digital technologies and sustainable aviation. The SAS FORWARD plan is a ambitious plan, but it is necessary to ensure the long-term survival of the airline. The plan is expected to improve SAS's financial performance and make it more competitive in the global aviation industry.

Dan Houlihan does it again! Our fearless leader sums up the future of outsourced investment operations beautifully in this can’t miss episode of Capital Allocators with @ Scott McDonald.    We don’t take our partnerships for granted. When we join forces with your firm, we put your KPIs front and center, relentlessly striving for excellence and providing accurate data every step of the way. If you’ve been searching for the perfect #OperationsOutsourcing partner, comes see what @ STP Investments is all about.    #Outsourcing #InvestmentOperations #CFA #FamilyOffice #CIMA

Dan Houlihan sums up the future of outsourced investment operations beautifully in this can’t miss episode of Capital Allocators with Scott MacDonald. We don’t take our partnerships for granted. When we join forces with your team, we put your KPIs front and center, relentlessly striving for excellence and providing accurate data every step of the way. If you’ve been searching for the perfect #OperationsOutsourcing partner, comes see what STP Investment Services is all about. #Outsourcing #InvestmentOperations #CFA #FamilyOffice #CIMA

The Cathay Group provides an update on its first-half 2023 financial performance and announces a plan to buy back the preference shares held by the Hong Kong SAR Government First-half 2023 results Cathay Pacific Airways Limited (the “Company”, and together with its subsidiaries, the “Cathay Group”) announced today that the Cathay Group is expected to record a consolidated profit of approximately HK$4.0-4.5 billion for the first half of 2023. This compares to the attributable loss to shareholders of HK$5.0 billion for the first half of 2022. This is based on a preliminary review of the unaudited consolidated management accounts of the Cathay Group and other information currently available to the Board of Directors of the Company. The Cathay Group is still in the process of finalising its first-half 2023 results, and will publish its interim results in August 2023. Read More in Our Website https://lnkd.in/g6vZ-nAe [Cr by Cathay Pacific ] #VRITIMESSG #media #pr #pressrelease #marketing #singapore #singaporetoday

Airline Economics and Ishka: Aviation Finance have recognised five deals across multiple categories that our Global Asset Finance team advised on throughout 2023. Some of the most significant wins were for Global Overall Deal of the Year, Asia-Pacific Overall Deal of the Year and Best Americas Deal 2023. Congratulations to our clients on these well-deserved achievements and thank you for trusting us to support these important transactions. Read more about the awards and the winning deals here: https://lnkd.in/dv7SA-_6 Sarah Humpleby, Donna Ager, Matt Hedigan, Killian McSharry, Ciaran Bohnacker

This rescue deal is interesting for a number of reasons. First, because it's aviation, it's inherently interesting (that's a personal bias!). Second, the consolidation theme that is described is something that will continue and probably accelerate in the aviation sector globally. Third, the explicit turnaround focus in conjunction with a balance sheet restructuring is also inherently interesting, particularly as it involves strategic and financial investors. I suspect we will be seeing more of these types of recapitalization/turnaround transactions in aviation, as well as other sectors. #turnaround #aviation #restructuring

#interview - Aviation lending continues to grow. As the sector returns to 2019 traffic levels and aircraft OEMs, despite continuing supply chain problems leading to delivery delays, continue to increase their monthly output, Natixis Corporate & Investment Banking’s global head of aviation, Jean Chedeville, highlights an interesting level of activity from lenders. Need a Free Trial to continue reading: https://lnkd.in/ebmyXe9T #aviationfinance #aviationlending #oems #supplychainmanagement

Scandinavia's largest airline, SAS, experienced a drastic 95 percent decrease in shares after announcing a financial restructuring plan to prevent bankruptcy. This not only affected the company's owners but also attracted new major investors. SAS had long been struggling with high expenses and decreased customer demand, which was exacerbated by the COVID-19 pandemic. To strengthen its presence in the Nordic region, SAS revealed that Castlelake and Air France-KLM would become significant shareholders, alongside the Danish state. As a result, SAS shares will be delisted from stock exchanges in Stockholm, Copenhagen, and Oslo. Air France-KLM plans to integrate SAS flights into its own operations at Amsterdam and Paris hubs, indicating its interest in expanding in the region. SAS also promised to allot remaining equity to creditors. This news caused SAS shares to drop by 83 percent, trading at 0.05 Swedish Krona. #SpecialAirService #Oslo #Scandinavia #Amsterdam #Paris #AirFrance–klm #SwedishKrona #EuropeanUnion #Stockholm #GreenwichMeanTime #Sweden #Copenhagen #Denmark #UnitedStatesDollar

Diverse pools of capital continue to be attracted to the Aviation Finance sector. In this short video, Michael Moroney and I delve into the current investment trends observed across private equity, strategic corporates and institutional investors, highlighting the growing interest in the regional aircraft leasing space and recent developments in the debt funding market Watch conversation in full below.   #MindsMadeForFS #AviationFinance #SustainableAviation #AricraftLeasing #RegionalAviation #DueDiligence #StrategyandTransactions John Hannigan, Ciarán Conroy, John McCormack, Patrick O'Driscoll, Seamus Feeney, Niamh Tobin, Devarshi Ray, Lea Soledad, Ronan Costello ACA CTA, Sean MacHale, Peter Galka, Colin Ryan, Tom Groom

After the #refinancing , Howden has 1.1 billion pounds of cash on its balance sheet to spend on deals, hires and buying out #employee #shareholders , CFO Mark Craig said in an interview. The company is focused on smaller “tuck-in” #acquisitions of up to 150 million pounds in areas like the UK, continental Europe and Asia-Pacific, Craig and the group’s CEO and founder, David Howden, said. It remains open to more #transformational #transactions , which could be partly financed by an external equity investor, they said. “That strategy is something that we would definitely be open to,” Howden said when asked about the #prospect of new #investors joining the company. “We’ve got a lot of people knocking on the door,” Craig added. Insurance broking remains an active corner of the M&A market despite a #slowdown in global #deal #volumes amid high interest rates. Insurance #broking deals in Europe increased by 19% to 229 in the first half of last year, many of which were backed by #privateequity , according to a report by FTI Consulting. Read more here: https://lnkd.in/e9AAHu84 #insurance #reinsurance #broking #mergersandacquisitions #growth #strategy #insurtechs