Norton Rose Fulbright has advised SAS, the Scandinavian airline, on the exchange of two sets of weekly take-off and landing slot pairs at London Heathrow Airport to two major international air carriers.

As a result of the exchange, SAS will now have 19 daily slot pairs at London Heathrow and remains the fifth largest airline operating at London Heathrow, by number of weekly departures.

Norton Rose Fulbright’s aviation practice advised SAS, led by Corporate, M&A and Securities partner Chris Randall. Partner Ian Giles provided regulatory advice, SAS relationship partner Owen Mulholland advised on the banking and finance aspects of the transaction and Andrew Roycroft advised on tax. Associates Terri Francis and Samantha Hurrell also advised.