newstodate.aero
Jun 03, 2010 (newstodate): SAS is now confirming that its ground handling company, SGS has been taken off the list of non-core subsidiaries for sale.
-In effect, SAS has decided not to make a decision, says Bertil Ternert, SAS Group VP Corporate Communications.
-On one hand a potential and strong buyers has not been found, and on the other hand SGS has proved its ability to operate profitably after enforcing cost cutting measures. We are therefore maintaining SGS' activities at all line stations, says Mr Ternert.
The SAS Group's efforts divest itself of other non-core businesses including the cargo handling company Spirit Air Cargo remain on the agenda, and SAS is also intent on solving the issues around its stake in Estonian Air.
-In effect, SAS has decided not to make a decision, says Bertil Ternert, SAS Group VP Corporate Communications.
-On one hand a potential and strong buyers has not been found, and on the other hand SGS has proved its ability to operate profitably after enforcing cost cutting measures. We are therefore maintaining SGS' activities at all line stations, says Mr Ternert.
The SAS Group's efforts divest itself of other non-core businesses including the cargo handling company Spirit Air Cargo remain on the agenda, and SAS is also intent on solving the issues around its stake in Estonian Air.