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Sas airlines11/16/2023 ![]() While the strike came to an end just a few days after the report, it does show the precarious position the airline finds itself in. ![]() Prior to the end of the strike, SAS revealed that it might be forced to sell “valuable strategic assets” and “radically scale down its operation and fleet” if the industrial action were to continue much longer. It now seeks to raise up to $700 million additional debtor-in-possession (DIP) financing in order to complete its restructuring while under Chapter 11 protection. Just a day after the strike began, SAS announced it had applied for so-called Chapter 11 bankruptcy protection in the U.S. ![]() Renegotiation of collective agreements and the reorganisation of the company including the new subsidiaries SAS Connect and SAS Link are key components of the rescue plan known as SAS Forward. In a stock exchange message, the airline estimated the cost of the strike at approximately $10 million per day. SAS was already struggling for cash prior to the strike, but the disruption of the past weeks will pile more pressure on the airline’s finances. With our collaboration with Star Alliance, you can fly to 191 countries around the world and in our Low Fare calendar you will always find our best prices. Several hundred former SAS pilots who were laid off during the pandemic will be offered their jobs back with seniority restored, a key victory for the pilots’ unions. We offer flights that can take you all over the world. SAS had already cancelled many flights ahead of the summer, part of a wider trend in Europe, where, in addition to the upheaval of strike action, operators have responded to staff shortages created by slow rehiring after the pandemic.Pilots’ unions accepted an unprecedented five year term in order to end the strike. Neither would it affect SAS' external partners Xfly, Cityjet and Airbaltic, the company has said. Pilots were angered by SAS' decision to hire pilots through two new subsidiaries - Connect and Link - instead of first rehiring former employees dismissed during the pandemic, when almost half of its pilots lost their jobs.Ī strike would include all pilots from parent company SAS Scandinavia, but not Link and Connect, a union that organises the 260 pilots attached to the two units. Todos los vuelos de SAS en un mapa de vuelos interactivo, dónde se incluyen los horarios y los vuelos programados de SAS. Months of negotiations, which began last November, have failed to conclude a new deal. The collective agreement between the airline and the SAS Pilot Group union expired on April 1. read moreĭenmark's Finance Minister Nicolai Wammen in an e-mailed comment to Reuters said he hoped the parties would reach a solution as soon as possible. Norway sold its stake in 2018, but holds debt in the airline, and has said it might be willing to convert that into equity. Further connecting flights are offered by Star Alliance Connecting Partner, Juneyao Airlines. Overall, the Star Alliance network currently offers more than 18,800 daily flights to 1,317 airports in 193 countries. ![]() The airline, which is part-owned by the governments of Sweden and Denmark, estimated the strike would lead to the cancellation of around 50% of scheduled SAS flights and impact around 30,000 passengers per day, roughly half its daily load.ĭenmark has said it is willing to provide more cash and write off debt on condition the airline brings in private investors as well, while Sweden has refused to inject more money. SAS is one of the founding airlines of Star Alliance, launched in May 1997 as the first truly global airline alliance. How on earth is a strike in the busiest week of the last 2.5 years helping find and attract investors?" van der Werff told reporters. Loss-making SAS is seeking to restructure its business through large cost cuts, raising cash and converting debt to equity. "Everything is very, very confused here," she added. "I was going to go with my family to Corfu on holiday for a week, which we really had looked forward to since we haven't travelled in a really long time," she said as searched the departure hall in vain for SAS staff. Sofia Skedung, 38, arrived at Stockholm's Arlanda airport to find the SAS flight she and her family were booked on for a charter trip was cancelled. ![]() In addition, Spanish-based cabin crew at Ryanair (RYA.I) and easyJet (EZJ.L) plan to strike this month to demand better working conditions and workers at Paris' Charles de Gaulle airport stopped work at the weekend to demand a pay rise. Flying to 90 destinations with a fleet of 180 aircraft, Scandinavian Airlines (also known as SAS) is a popular airline for passengers exploring northern Europe. ![]()
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