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 ...
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