SAS And Pilots To Resume Negotiations On Monday After 14 Days Of Strike

PARIS, France – Ailing Scandinavian airline SAS and striking pilor unions will resume negotiations on Monday, public broadcaster NRK said, after failing to reach new collective agreements over the weekend. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the carrier’s rescue plan collapsed. The … More SAS And Pilots To Resume Negotiations On Monday After 14 Days Of Strike

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Norway Could Allow Airline SAS To Convert Debt To Equity

PARIS, France – Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long – term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday. SAS owes the state about 1.5 billion Norwegian crowns ($153 million) from loans made during the COVID-19 … More Norway Could Allow Airline SAS To Convert Debt To Equity

Airline SAS Q2 Loss Narrows, Hopes To Raise $1 Bln In New Cash

STOCKHOLM – Airline SAS said it hopes to convert debt to equity and raise 9.5 billion Swedish ($972 million) in new cash, warning of liquidity problems if it falls short as it posted a quarterly loss that was narrower than a year ago. The carrier, part – owned By Sweden and Denmark, has been struggling … More Airline SAS Q2 Loss Narrows, Hopes To Raise $1 Bln In New Cash