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SAS gets $300 million support from Denmark, Sweden

Christian Fernsby |
The Danish and Swedish governments said today they had decided to provide guarantees to struggling airline SAS totalling 3 billion Swedish crowns ($302 million).

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Topics: SAS    DENMARK    SWEDEN   

The carrier has grounded most of its fleet and announced temporary layoffs of 90% of its staff amid the coronavirus outbreak that has brought global aviation to a near standstill.

“This is a first step and the Danish state will as a long-term and responsible co-owner of SAS closely monitor developments and do whatever is necessary for SAS to get through the crisis and be operational after,” Denmark’s Finance Minister Nicolai Wammen said in a statement.

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