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SAS to cut 8,600 jobs

Stockholm, Sweden - Among reductions also 14 airplanes at ground

After losses widened to 560 million dollars in the fourth quarter, particularly due to the difficult situation of the Spanish subsidiary Spanair, Scandinavian airline group SAS announced a massive overhaul of the company that forecasts a capital increase equal to 500 million Euros, a reduction of the routes and fleet (14 airplanes). The struggling company said it would reduce its staff from 23,000...

AVIONEWS - World Aeronautical Press Agency - 1099306

AVIONEWS - World Aeronautical Press Agency
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