SAS is splitting into 11 companies
The statement about the split of the SAS group has confirmed by Hans Ollongren, SAS director of information.
boarding.no reports that the group is being divided up in order to get a better overview of the different companies and their particular expertise. Ollongren stated that it is the small airlines that are both more economic and better at adapting to the ever changing situation in todays market.
The restructuring is a central part of Turnaround 2005, SAS plan to decease the groups expenditures with NOK 14 billion (USD 2 billion) by 2005.
The SAS group consists of five airlines today; Scandinavian Airlines, Braathens, Widerøes, Blue1 and Spanair. Shortly the number will be increased to 11, stated to boarding.no, according to the Norwegian news bureau (NTB).
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