SAS Scandinavian Airlines is launching a drastic restructuring plan as it attempts to stem huge losses and reduce its activities.Under the “Core SAS” programme, the group said it would reduce its workforce by up to 40 percent from around 23,000 to 14,000. This would involve cutting 3,000 jobs in addition to 5,600 jobs that would go through disposals or outsourcing deals. It is planning a SKr6bn rights issue to carry out the overhaul.
Cash-strapped Scandinavian Airlines System has announced plans to sell its stakes in subsidiaries Spanair and airBaltic in a bid to raise much-needed funds.SAS said it would sell a majority holding in its wholly-owned company Spanair to a consortium of Spanish investors but did not specify the stake of the stake or the fee. It is also selling its 47.2 percent stake in airBaltic to the management of airBaltic for 20 million Euros.
Scandinavian Airlines (SAS) will launch a thrice-weekly, non-stop flight from Dubai to the Danish capital Copenhagen from 1 November.
SAS Scandinavian Airlines has agreed on a contract with Dnata Travel Services to represent SAS as General Sales Agent in the United Arab Emirates.
Scandinavian Airlines (SAS) is targeting BA Executive Club Gold card members in its latest marketing campaign.
Resfeber, the most visited travel site in Scandinavia, and one of the top ten E-shopping sites in Sweden signs a new weather provider.