SAS Group yesterday unveiled a new mid-to-long-term strategy that will focus on raising annual pre-tax profit to SEK4 billion ($566 million) and boosting passenger traffic by 20% by 2011 through divestment of noncore assets and a renewed focus on "flying to, from and within Northern Europe." CEO Mats Jansson said the group will sell Spanair and its stakes in bmi and Air Greenland, with proceeds going toward "future capital expenditure and development." It hopes to cut costs by SEK2.8 billion ...

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