Scandinavian Airlines (SAS) has been operating since 1946, but in November it almost disappeared from the European aviation landscape. “It was very serious, I can be open about that,” SAS president and CEO Rickard Gustafson said. “I had the board gathered that weekend. If we didn’t reach an agreement, the board was prepared to wind down the company.” In a frank exchange with ATW, Gustafson recalled walking into a make-or-break meeting with eight of the ...

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