SAS to sell cargo arm

2008-2-16

Scandinavian airline SAS would keep its ground services unit as an independent subsidiary if it met targets including cost savings but would sell off its Spirit air cargo handling unit.

SAS said it had set the ground services unit quality and profitability targets over the next 18 months, as agreed with unions.

The airline said one of the requirements is an improvement in costs within SGS of approximately US$63.1 million.

SAS also said its technical services unit would provide heavy maintenance of the Boeing 737 Classic outside Scandinavia in future. It also plans to sell off the company's Spirit air cargo handling unit.
Source: cargonewsasia
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