SAS CLOSE TO THE BRINK

Info-Prod Research (Middle East), March, 2003

Scandinavian Airlines, the largest airline in the SAS Group, could be just a few short weeks away from the brink. SAS's other subsidiaries have already prepared emergency plans for how they can take over their sister company's network of routes. The SAS Group's board of directors meets today to choose between alternative measures which corporate management feels are necessary if Scandinavian Airlines is to have a continued role in the airline industry.

After that, the employees will have three weeks in which to respond. A new board meeting is scheduled for 10 April, at which time the company's final cost-cutting plans will be discussed. Scandinavian Airlines' very existence could depend on the outcome of that meeting.(Source: Odin.dep.no)