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

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