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Aug 23, 2012 (newstodate): SAS has reportedly decided to put its handling company, SGS up for sale again.
Industry sources say a public announcement on the issue will be made on Monday, August 26, 2012, following on staff information meetings this week.
SAS Ground Services, SGS was earlier announced up for sale as part of the CoreSAS strategy, but in June 2010 SGS was taken off the list of non-core subsidiaries for sale, on one hand because no potential buyers had emerged, and on the other hand because the company had proved its ability to operate profitably after enforcing cost cutting measures, according to information then provided by Bertil Ternert, SAS Group VP Corporate Communications.
Since July 2012, Spirit Air Cargo Handling has been included in SAS Ground Services.
No official comments are currently available
Industry sources say a public announcement on the issue will be made on Monday, August 26, 2012, following on staff information meetings this week.
SAS Ground Services, SGS was earlier announced up for sale as part of the CoreSAS strategy, but in June 2010 SGS was taken off the list of non-core subsidiaries for sale, on one hand because no potential buyers had emerged, and on the other hand because the company had proved its ability to operate profitably after enforcing cost cutting measures, according to information then provided by Bertil Ternert, SAS Group VP Corporate Communications.
Since July 2012, Spirit Air Cargo Handling has been included in SAS Ground Services.
No official comments are currently available