SAS signs major hotel agreement

SAS has signed a shareholder agreement with American hospitality company Carlson Hotels Worldwide, which is expected to raise the SAS Group's profits through its company Rezidor SAS.

As part of the agreement Rezidor SAS will receive better commercial terms in the parties’ current Master Franchise Agreement.

The deal, which is pending regulatory approval and expected to take place in the first half of 2005, has an option for Rezidor SAS to use the Carlson brands to 2052, an increase of twenty years on the previous


SAS will maintain the majority holding and control over Rezidor SAS, with Carlson Hotels Worldwide, a key player in the global hospitality sector, taking a 25% stake in Rezidor SAS.

Kurt Ritter, President & CEO of Rezidor SAS said that: “When we initially signed a deal with Carlson back in 1994, we were a small hotel group with only 29 properties. Now we operate the key global Carlson Hotel brands

throughout Europe the Middle East and Africa, with a portfolio of 245 hotels in 47 countries. We’re on track to reach our target of 700 properties by 2012.”

SAS estimate that the deal with increase Rezidor SAS’s profits by 11 million euros this year alone.

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‘We agree to disagree’: Still no progress in marathon SAS strike talks

By lunchtime on Friday, talks between the Scandinavian airline SAS and unions representing striking pilots were still stuck on "difficult issues".

'We agree to disagree': Still no progress in marathon SAS strike talks

“We agree that we disagree,” Roger Klokset, from the Norwegian pilots’ union, said at lunchtime outside the headquarters of the Confederation of Swedish Enterprise in Stockholm, where talks are taking place. “We are still working to find a solution, and so long as there is still some point in continuing negotiations, we will do that.” 

Mats Ruland, a mediator for the Norwegian government, said that there were “still several difficult issues which need to be solved”. 

At 1pm on Friday, the two sides took a short break from the talks for lunch, after starting at 9am. On Thursday, they negotiated for 15 hours, breaking off at 1am on Friday morning. 

READ ALSO: What’s the latest on the SAS plane strike?

Marianne Hernæs, SAS’s negotiator on Friday told journalists she was tired after sitting at the negotiating table long into the night. 

“We need to find a model where we can meet in the middle and which can ensure that we pull in the income that we are dependent on,” she said. 

Klokset said that there was “a good atmosphere” in the talks, and that the unions were sticking together to represent their members.

“I think we’ve been extremely flexible so far. It’s ‘out of this world’,’ said Henrik Thyregod, with the Danish pilots’ union. 

“This could have been solved back in December if SAS had not made unreasonable demands on the pilots,” Klokset added. 

The strike, which is now in its 12th day, has cost SAS up to 130m kronor a day, with 2,550 flights cancelled by Thursday, affecting 270,000 passengers.