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 have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing 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.