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Scandinavian Airlines approves relaunch plan: savings and cuts to employment costs

Stockholm, Sweden - The Danish government wants to sell off its shareholding

Sas, Scandinavian Airlines, which is currently losing money, has decided to introduce some important innovations: after the decision to split the carrier into three national airlines - one for each Scandinavian Country - plus one for intercontinental flights (see AVIONEWS), the management of Sas has approved a relaunch plan of about EUR 14bn, of which 12.5bn will derive from reduction of costs, and...

AVIONEWS - World Aeronautical Press Agency - 60729
Rome, Italy, 03/26/2004 12:04
AVIONEWS - World Aeronautical Press Agency

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