SAS has announced on Tuesday plans to acquire up to 40 Airbus A330neo widebody aircraft in what it described as the largest investment in the airline’s history, supporting an expansion of its long-haul network over the coming years.
The agreement, valued at more than $10 billion at list prices, combines new A330neo aircraft with additional A330-300s that will help support growth before deliveries of the new jets begin.
The order comes less than two years after SAS completed its Chapter 11 restructuring and follows last year’s purchase of 55 Embraer E195-E2 regional jets, continuing the airline’s fleet renewal strategy.
SAS did not disclose how many firm orders and purchase options are included within the total of 40 aircraft, nor did it specify the A330neo variant covered by the agreement.
The Scandinavian carrier said the new aircraft will replace older widebodies while supporting the expansion of its intercontinental network. The airline expects the investment to improve fuel efficiency, reduce noise and lower operating costs.
SAS also announced plans to expand its operations at Copenhagen Airport by 2030. According to the airline, the growth strategy could support an additional 25,000 jobs and contribute DKK 25 billion to Denmark’s gross domestic product.
The carrier returned to profitability in 2025 after completing a sweeping financial restructuring that reduced more than $2 billion in debt. Air France-KLM is now one of SAS’ principal shareholders following the recapitalization.
Founded in 1946 by the national airlines of Denmark, Norway and Sweden, SAS has been rebuilding its network and fleet after years of financial difficulties. The Airbus order is expected to become the airline’s largest aircraft acquisition to date.
