SAS yesterday rolled out another in a long series of steps to bring its financial house in order, announcing an increase in its cost-reduction program and an effort to raise up to SEK5 billion. The airline said major shareholders have already approved the rights issue. Exact terms are to be spelled out April 6 and will be subject to an extraordinary general meeting the following day, with a subscription period planned between April 15 and April 29. The additional SEK2 billion ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "SAS Eyes Capital Increase, Extends Cost-Savings Program".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.