POST Online Media Lite Edition



 

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).

Article continues below



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.


What to read next

SAS and Apollo in a $138 million deal
Norwegian and SAS to fly on re-used cocking oil
SAS upgrades fleet, invests in fastest onboard WiFi in Europe