In a stock-market announcement of 8 December 2014, SAS announced that it had purchased Cimber A/S. On behalf of the bankrupt estate of Cimber Sterling A/S, LETT participated in the tripartite negotiations concerning the sale of the airline.

So far, Cimber A/S has primarily been flying for other airline companies, including SAS. Some of the most significant assets of Cimber A/S are CO2 quotas and the CO2 quotas 2015-2020 which previously belonged to the bankrupt estate of Cimber Sterling A/S. SAS will receive these assets in connection with its acquisition.

CONTACTS

Jens Krogh Petersen
Partner, Lawyer

Joachim Kundert Jensen
Lawyer

Henrik Sjorslev
Managing Partner, Lawyer