Finance Minister Nicolai Wammen pictured in Brussels earlier this year. Photo: JOHANNA GERON / Reuters The share was around 12 per cent today at over 40 per cent today on the Oslo Stock Exchange, but the share has fallen somewhat since then. It is sold for just over NOK 0.7. The government in Denmark says they are willing to enter into an agreement that it will increase the state’s ownership share in SAS by between 22 and 30 percent. This is what Minister of Finance Nicolai Wammen (S) said at a press conference on Friday. The airline has a debt to the Danish state of 3.5 billion Danish kroner. – We agree that we on the Danish side, to help SAS with the plan that will get them back on track, are ready to forgive debt and ensure that we still have a significant Danish stake in SAS, says Minister of Finance Nicolai Wammen. This will only happen if everyone involved contributes, including private investors. There must be more investors in place – It is also important to say that this is not a contribution that comes without conditions, says Wammen. He emphasizes that the Danish state is not investing money at the moment, and that there must be more investors in place before that can happen. The Swedish government earlier this week said no to adding more money to SAS. On Tuesday, SAS presented a loss of SEK 1.5 billion for the second quarter of 2022. Earlier this year, SAS presented a profit of minus SEK 2.6 billion before tax in the first quarter. Strike danger and cancellations The positive news for the company comes the day after the SAS pilots submitted their resignation on Thursday. Two unions are involved, and there is a move towards mediation and a possible strike from 29 June. SAS replied that the pilots choose conflict over negotiation. – We have a plan to make the company competitive, and it requires everyone to participate. That includes the pilots, says press manager Tonje Sund to news. SAS pilots can go on strike before the joint holiday. The pilots submitted their resignation on Thursday. Two unions are involved, and there is a move towards mediation and a possible strike from 29 June. SAS has canceled around 4,000 flights this summer. The reasons are, among other things, crew shortages, delayed deliveries and ripple effects of chaos at airports in several places in the world.
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The SAS share to heaven – news Norway – Overview of news from different parts of the country
