SAS Group announced formal agreements with eight unions representing flight and cabin crew that will save the company around SEK500 million ($70.1 million) per year and that satisfy "one of the conditions for participation by its major shareholders in the rights issue." The airline and the unions signed a letter of intent in February and the governments of Denmark, Norway and Sweden were waiting on a final deal before committing to a SEK5 billion capital increase (ATWOnline, Feb. 19). SAS ...

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