How it started
Early history
Satair was founded in 1957. On December 23, 1957, Blicher Jensen, an SAS engineer, and ten of his colleagues founded the Scandinavian Air Trading Co. A/S, collectively putting up share capital of DKK 50,000. The chairman of the company was Helge W. Hansen, and for the early years Satair was based at his home address. All aspects of buying and selling were handled by the 11 stakeholders; the accounting was performed by Helge W. Hansen's wife.
In 1960, Satair had expanded to the point where it needed a formal office and employees. The first employee of the company was Tove Jeppesen, who was hired as a secretary. The company continued to grow and by 1970 had 24 employees and an annual net revenue of DKK20 million. In 1979 the company invested in a new warehouse and office building at Amager Landevej 151, Kastrup, Denmark.
By 1980, Satair had 65 employees and revenue over DKK100 million.
Fire
On December 22, 1981, one of Satair's 1967 warehouses caught fire, causing several explosions and necessitating the evacuation of nearby residents. Firefighting efforts continued for two hours but were unable to prevent complete property destruction at the warehouse, resulting in an estimated loss of DKK 30 million to Satair.
From Wikipedia’s article on Satair, shared under CC BY-SA 4.0.2