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    Scandinavian Airlines lays out survival plan

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    euronews (in English)

    by euronews (in English)

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    Scandinavian Airlines - SAS - is set to cut 6,000 staff in a bid to remain in the air. The airline will also start on a programme of asset sales in order to secure loans from banks and Nordic governments.

    SAS, one of the main European flag-carriers, has been squeezed by discount carriers amidst a global downturn and has not made a full-year profit since 2007.

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    http://www.euronews.net/