newstodate.aero
MAR 24, 2004 (newstodate): Landing an agreement with its pilots' union late Tuesday night, SAS has now reached the targets to fulfill its Turn-around 2005 plan including cost cuts by SEK 14 billion.
The Board will then inforce its decision to split SAS Airlines into four independent and separate units based on the Scandinavian markets plus SAS Intercontinental that will remain directly within the SAS Group.
-We have succeeded in achieving the savings required and thanks to the responsible actions of the unions we now have the conditions to become
Europe's most competitive network company, says J�rgen Lindegaard, SAS CEO.
To ensure a vigorous and distinct executive management of the airline business, the heads of the three new national airlines in Scandinavian
Airlines in Denmark, Norway and Sweden will report directly to the President and CEO.
This means that the position of Executive VP and COO of Scandinavian Airlines will cease to exist.
The Board will then inforce its decision to split SAS Airlines into four independent and separate units based on the Scandinavian markets plus SAS Intercontinental that will remain directly within the SAS Group.
-We have succeeded in achieving the savings required and thanks to the responsible actions of the unions we now have the conditions to become
Europe's most competitive network company, says J�rgen Lindegaard, SAS CEO.
To ensure a vigorous and distinct executive management of the airline business, the heads of the three new national airlines in Scandinavian
Airlines in Denmark, Norway and Sweden will report directly to the President and CEO.
This means that the position of Executive VP and COO of Scandinavian Airlines will cease to exist.