SAS proposals head for parliament as Danish pilots sign up

London
Source:
This story is sourced from Pro
See more Pro news »

SAS Group only needs parliamentary approvals to secure a new credit facility after Danish pilots voted to back a crucial new union agreement.

Obtaining the new revolving credit facility had been conditional on eight unions' support for new cost-cutting measures. While Danish pilots had tentatively agreed to the terms, the final agreement depended on a ballot of union members.

SAS Group says the Danish pilots' union has informed the company that its members have approved the deal, which is central to SAS's new restructuring plan 4XNG.

This means the credit facility, amounting to SKr3.5 billion, depends only on parliamentary clearance for that part of the funding being supplied by SAS's owner states.

SAS Group says it expects the Danish finance committee to reach a decision on 23 November while the propositions for Norwegian and Swedish participation in the facility will be presented to the respective parliaments on 12 December.

The carrier has also unveiled an extensive route expansion for 2013 covering 45 new services in Europe.

Among the new routes are eight services from Stockholm, 13 from Oslo, 10 from Copenhagen and five from Helsinki. Nine others will be opened from Gothenburg, Bergen, Trondheim, Stavanger, Turku and Tampere.