The Swedish Air Transport Industry Employers` Association and the
Swedish Transport Workers` Union today accepted the negotiators offer
regarding the 2003 contract for flight technicians, mechanics and
baggage handlers. Consequently further planned strike actions are
cancelled against SAS and subsidiaries.

For the SAS Group, the agreement entails a pay freeze for 2003, in line
with SAS`s initial and unconditional demand, however, elements of the
planned savings for 2004 were lost
The contract means that the SAS Group has now reached agreement on a pay
freeze for 2003 with all affected trade unions in Scandinavia.

Work to further reduce the Group`s costs is continuing during 2004 and
SAS will take the measures necessary to achieve competitiveness on the
airline market.