Negotiations continue into the early hours of Monday to save SAS from bankruptcy
The troubled Scandinavian airline SAS has been engaged in overnight talks with trade unions, hoping to reach an agreement to avoid bankruptcy.
Owners and creditors of the airline have a plan to cut costs and jobs, but it needs approval from trade unions representing pilots and cabin crew in Sweden, Denmark and Norway.
The airline told the BBC it has “one agreement in place with SNK, one of the Norwegian cabin unions.”
SAS wants to cut 6,000 jobs.
SAS has struggled to deal with stiff competition from rival discount airlines, despite several attempts to cut its own costs.
The airline, in which the governments of Sweden, Denmark and Norway control key stakes, had set Sunday as a deadline for an agreement with trade unions on wage cuts, as well as changes to pensions and working hours for staff, however talks were extended into Monday.
In the early hours of Monday, at Copenhagen’s main airport, negotiators were seen entering and leaving the company’s headquarters taking a break for food and drink.
Fears have been widely expressed in the Scandinavian media that a lack of a deal might prompt the airline to apply for immediate bankruptcy.
The airline has told crews to ensure airplanes are fully fuelled so that they are able to return home if necessary.
The carrier has also given cash to staff to ensure they can get access to hotels in the case of a bankruptcy.
SAS near deal to avoid bankruptcy
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