Tuesday, October 30, 2012

Trading of SAS stocks in Stockholm stopped - Waiting for major news - SAS in bankruptcy?

Scandinavian Airlines SAS operates also cheap flights under name Blue1. Trading of SAS stock has been stopped at the Stockholm Stock Exchange and we are waiting for major news from SAS. SAS has been in financial troubles so bankruptcy is also one alternative.

Modified 30.10.2012; 13.26: SAS announced that it will start major cost cuts and asset sales to avoid bankruptcy. It's negotiating about finance but new finance is conditional to the progress of cost savings and asset sales.

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