Hello and welcome to episode 236 of Avtoc. I am Ian Petchnick here as always with Janser a bit oates. How's it going Ian? It's going all right Jason. How are you?

I'm good. I'm good. Yeah, that's all I got. It's just another week with a lot of news.

Just another week with a lot of news. Shall we dive right in? We should. Let's dispense with the small talk and get straight to it.

Excellent, excellent. So this week we've got a good show. We've got plenty of news.

Some very unusual things have happened and some interesting things and we've also got

Chris Sloane who is the founder and curator of the archive and online aviation

museum we're talking with him later in the show. So we've got some good stuff in this

particular episode. But we begin in Scandinavia where Air France Klam and Castle Lake, the investment group, have agreed to take a stake in SAS.

And what this means for investors is that current investors in SAS seem like they're going to be wiped out.

And if you're flying SAS, well, I hope you are okay with leaving Star Alliance for Sky Team.

Yeah, this came at a left field. I mean, yesterday, S. A.S. on its regular facing Twitter account just said like, here's a link to a press conference.

They didn't say what the press conference was.

There was no lead up into it.

It was just, hey, here's a press conference.

And I did not, I turned it on actually before it started and

turned it off because I got bored waiting for them to start and I did not think it would

be Air France Klim is buying 19.9% of the equity and 5% of the convertible debt of SAS and making it eventually possibly one day into a full subsidiary of the Air France KLM Group.

And as Ian just said, it will almost immediately begin the process of withdrawing itself from the Star Alliance

of which SAS was a founding member.

So this is the first time an airline alliance founding member airline has actually withdrawn

from that alliance, which I thought was interesting.

And they're going to begin the process of joining Sky Team,

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