SAS share to heaven – NRK Norway – Overview of news from different parts of the country
The share was around 12 percent above 40 percent today on the Oslo Stock Exchange, but the share has fallen somewhat since. It is sold for just over 0.7 kroner.
The government of Denmark says they are willing to enter into agreements to increase the state’s stake in SAS by between 22 and 30 percent. This was stated by Finance Minister Nicolai Wammen (S) at a press conference on Friday. It will only happen if everyone contributes, including private investors.
– Must be more investors in place
– It is also important to say that this is not a contribution that comes without conditions, says Wammen.
He emphasizes that the Danish state does not inject money in an instant, and that there must be more investors in place before that can happen.
The airline has a debt to the Danish state of 3.5 billion Danish kroner.
– We are the only ones that we on the Danish side, to help SAS with the plan that will get them back on track, are ready to forgive debt and ensure that we continue to have a significant Danish stake in SAS, says Minister of Finance Nicolai Wammen.
The Swedish government earlier this week said no to adding more money to SAS.
On Tuesday, SAS presented a loss of SEK 1.5 billion for the second quarter of 2022. Earlier this year, SAS presented a profit of minus SEK 2.6 billion before tax in the first quarter.
Strike danger and cancellations
The positive news for the company comes the day after the SAS pilots submitted their resignation on Thursday. That unions are involved, and it goes towards mediation and possible strike from 29 June.
SAS replied that the pilots choose conflict over negotiation.
– We have a plan to make the company competitive, and it requires all participants. It includes pilots, says press manager Tonje Sund to NRK.
The SAS pilots can go on strike before the joint holiday. The pilots submitted their resignation on Thursday. That unions are involved, and it goes towards mediation and possible strike from 29 June.
SAS has canceled around 4,000 flights this summer. The reasons are, among other things, manpower shortages, delayed deliveries and ripple effects of chaos at airports in several places in the world.