SAS Moves Closer to Major Restructuring of Operations | Aviation International News

SAS Moves Closer to Major Restructuring of Operations

Stockholm-based SAS will undergo a dramatic restructuring to help secure its long-term financial stability. (Photo: SAS)

December 3, 2012

Ailing Scandinavian carrier SAS will reduce its workforce by 6,000 employees, sell off its Widerøe regional subsidiary and centralize administrative functions in Sweden in return for an increased credit line from major shareholders and banks of 3.5 billion Swedish kronor ($525 million) through March 2015. The new revolving credit facility has yet to be approved by the parliaments of Sweden and Norway.

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