Company Watch - SAS Scandinavian Airlines.Aug 20, 2007 SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Scandinavian Airlines is half-owned by the governments of Sweden, Denmark and Norway, launched its latest turnaround plan in June. It will focus on core businesses in northern Europe and aims to boost pretax profit to around SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4 billion Swedish kronor (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $575 million) annually by 2011 from SEK292 million in 2006. In a statement, the four Danish unions acknowledged that strikes undermined customer confidence in SAS and were damaging for the business. The unions said they were convinced that with cooperation they and SAS could "move toward" a time when SAS would not be hit by strikes. Aug 17, 2007 SAS Scandinavian Airlines said it would reverse a decision that SAS traffic between Copenhagen and Oslo and between Copenhagen and Stockholm would be staffed solely with Norwegian and Swedish crews. It took this decision earlier this year in response to a three day strike by Danish cabin crews cabin crew cabin n (Aviat) → équipage m in April. Aug 17, 2007 SAS Scandinavian Airlines said on Friday it had buried the hatchet hatchet: see tomahawk. with its Danish unions and that four organizations had pledged to work for a "no-strike situation" after 2007 wage negotiations. The carrier, hard hit by fierce competition from low-cost carriers A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. and higher fuel costs in recent years, has had hundreds of flights grounded this year at a cost of millions of dollars due to strikes at its Danish and Swedish units. Aug 17, 2007 Latvia Waits For SAS Proposal On AirBaltic. Latvia's transport ministry is waiting for a proposal from SAS Scandinavian Airlines over talks to increase a stake in airBaltic, a ministry official said on Tuesday. The comment was in response to a question about a report that quoted the transport minister as saying negotiations were likely to resume in the autumn. Latvian Transport Minister Ainars Slesers was quoted in an interview with news agency BNS Noun 1. BNS - a bachelor's degree in naval science Bachelor of Naval Science bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies as saying: "SAS has shown interest (in raising its stake in airBaltic). I think, the talks will be resumed this fall." An SAS official said on Tuesday the firm was ready to talk with the Latvian government about increasing its stake, though it was difficult to say if or when this might happen. Aug 15, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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