SAS Scandinavian Airlines has unveiled a SEK3 billion ($444 million) restructuring plan, which includes the sale of Norwegian regional airline Wideroe (WF) and 800 job losses, describing this as the “final chance” to safeguard its future.
SAS A321. By Rob Finlayson SAS Scandinavian Airlines has unveiled a SEK3 billion ($444 million) restructuring plan, which includes the sale of Norwegian regional airline Wideroe (WF) and 800 job losses, describing this as the “final chance” to safeguard its future (ATW Daily News, Nov. 8). “We are facing a very serious situation. That is clear,” SAS CEO Rickard Gustafson said on a conference call. “We have not made money in a number of years and you ...
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