Denmark-based charter airline Jet Time has discontinued its cargo and ACMI business units for SAS Scandinavian Airlines in an effort to save the carrier. As a result, 278 positions will be cut, reducing staff by 35% over the next nine months. According to a Nov. 29 statement, Jet Time will phase out the two business units in 2017. CEO Jørgen Holme said in a statement: “Saying goodbye to so many loyal and skilled employees is a big and drastic step. It is, however, also a ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.