• Sweden's news in English

'SAS looking for a buyer': CEO

AFP/The Local · 2 Mar 2010, 11:12

Published: 02 Mar 2010 11:12 GMT+01:00

Facebook Twitter Google+ reddit

"In my opinion, after we have gotten through this very difficult crisis, SAS should enter into a structural deal," he told the Dagens Nyheter daily on Tuesday.

Jansson has in the past been sceptical of selling the airline, but in Tuesday's interview he said he had "become older and wiser."

"Making it on our own is not a goal in itself ... I have reached the insight that (a sale) is definitely the best solution for all parties," he said.

SAS is majority owned by the governments of Sweden, Denmark and Norway. The Swedish government confirmed in February that it planned to seek parliamentary approval to sell its 21.4 percent stake.

Germany's leading airline Lufthansa has long been mentioned as a possible rescuer for SAS, but Jansson said it was too early to speculate on who might buy the Scandinavian company.

"First we need a capital injection from our shareholders and then we need to get our cashflow going so we can make SAS interesting again," he said, adding that "if we don't do our homework there will be no interest on the market for us."

Last month, SAS reported a worse-than-expected fourth quarter net loss of 1.3 billion kronor (£176 million) and said it would cut 650 jobs.

Story continues below…

It also went cap in hand to its shareholders, begging for a cash injection of around €500 million ($700 million), less than a year after requesting that its owners stump up more than €600 million.

"2010 will be a very difficult year, but starting in 2011 we will show positive figures on our balance sheet," Jansson said.

AFP/The Local (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

12:54 March 2, 2010 by Twiceshy
I can tell you why - 100%. They don't like those who fly on their airline. Don't think so? Look at their frequent flyer program. I am Platinum Medallion with Delta and will never, ever on my many trips each year to Sweden fly SAS. I would if they had a program at least as good as ANY of the major other airlines!
13:33 March 2, 2010 by rba
Yes... they need to improve their quality and/or reduce their prices. Low quality with high prices doesn't work.
14:04 March 2, 2010 by WelshSwede
What doesnt work is hiking the prices up, and then they wonder why the flights are half full.

A campaign stating that flights to UK are only £60, but can you find one??????
14:44 March 2, 2010 by Beavis
Yep. High price and low quality equal a badly run airline. No matter how many normal workers they fire they will always be a failed airline until their management get their heads out of the sand and reduce their prices. Eurobonus is a load of rubbish too, when you actualy go to use their points on hotel stays they advertise 4 and 5 star hotels in each city. But when you go to book... "That hotel is not availbale ", but call the hotel and they have plenty of rooms.
15:45 March 2, 2010 by livinginsweden
SOS ... please buy us.

Can the chinese buy sas? or must it be another white buyer?

ha ha
15:49 March 2, 2010 by Lostaussie
Charging full service airline prices with cut price service is just plain stupid. I shudder everytime I have to fly with them as a lot of there fleet use to be pretty old as well. They seem to have some newer 737s but I still see the old MD?? there. Have only flown them here and in China more than 10 years ago.
15:55 March 2, 2010 by aaww
lufthansa will not buy SAS, they have already said that. lufthansa is lacking of cash themselves now.
21:32 March 2, 2010 by Ingka71
My votes go to KLM-AirFrance. Not a low price carrier for sure, but good for business travelers. Their network to the Nordic countries is not terribly good and they have a good bonus program. I've commuted between Sweden and Amsterdam for a year and had a golden membership in a jiffy. Now I'm flying SAS basically every fortnight and I stay in Ivory or sometimes silver level.
22:25 March 2, 2010 by Beavis
@Lostaussie yep your right, the oldest fleet in Europe and they a load of old MD82s still in use.
14:20 March 3, 2010 by Sam1

prestige is nearly gone, they do charge high rates and have poor service, their staff are poorly dressed and damn old!! although they are quite nice, they take 1000 SEK between

Stockholm Östersund, and yet they cant serve you something for free I believe all Airlines that want to sell in the air are poor airlines, I have been on many they have something extra to sell but the main snack or lunch is free.

they should make it cheaper and better quality then they can get more people flying with them.
15:28 March 3, 2010 by this_aint_sparta
FlygBusserna is a potentioal buyer of SAS.
03:14 March 8, 2010 by Ghostrider
I fly SAS often and it needs new management. Too many equal quality for less options or better quality for the same.

Sell to United or Delta.
Today's headlines
Sweden: Russian warships in the Baltic 'worrying'
Swedish Defence Minister Peter Hultqvist. Photo: Vilhelm Stokstad/TT

Two Russian warships equipped with long-range missiles have entered the Baltic Sea after passing Denmark.

Why businesses are worried about Sweden's drone ban
A drone filming in Stockholm. Photo: Pontus Lundahl/TT

The Local investigates what Sweden's new drone ban could mean for businesses in the country.

This is the new top boss of Swedish Ericsson
Börje Ekholm. Photo: Magnus Hjalmarson Neideman/SvD/TT

Telecoms giant Ericsson has appointed a new CEO after a turbulent year for the company.

These are Sweden's best universities: ranking
A new university ranking has been released. Photo: Cecilia Larsson Lantz/Imagebank.sweden.se

At least according to this global ranking, which picks 12 Swedish universities among the top-1000.

Swedish pharmacies restrict paracetamol sales for teens
The move is intended to cut paracetamol overdoses. Photo: Nora Lorek/TT

Sweden's pharmacies are banning teens under 18 from buying more than one pack of pills at a time.

The Local List
12 Swedish words with just awesome literal translations
A filthy-minded lobster, i.e. a snuskhummer. Photo: Gorm Kallestad/NTB scanpix/TT

One of our favourite things about the Swedish language is its wonderful compound words, which range from being utterly bizarre to making perfect sense.

Rwandan genocide suspect held in Sweden
A memorial centre in Kigali, Rwanda. Photo: Ben Curtis/AP

A man has been arrested in Sweden suspected of involvement in the 1994 Rwandan genocide which claimed 800,000 lives.

Sweden can extend border controls, EU says
A police officer carrying out a check at Sweden's border with Denmark. Photo: Emil Langvad/TT

EU countries including Sweden should be granted permission to extend temporary border controls by a period of a further three months, the European Commission has decided.

Nobel Prizes
'I'd say he's arrogant but I'd be lying': Swedes on Bob Dylan
Bob Dylan performing in France. Photo: David Vincent/AP

Almost two weeks have passed since Bob Dylan was awarded the Nobel Prize in Literature and he has yet to acknowledge the win. The Local asked Swedes what they think of the singer's silence.

Sweden cuts 2016 refugee forecast by thousands
A Swedish migration authority office in Stockholm. Photo: Maja Suslin/TT

The country has also slashed its prediction for 2017.

Sponsored Article
Stockholm: creating solutions to global challenges
Property of the week: Kungsholmen, Stockholm
Sponsored Article
Last chance to vote absentee in the US elections
Will Swedes soon be looking for fairtrade porn?
The Local Voices
'I simply don’t believe in nationality'
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
This is Malmö: Football capital of Sweden
Why we're convinced Game of Thrones is based on Sweden
Sponsored Article
Where is the Swedish music industry heading?
People-watching: October 21st-23rd
Fury at plans that 'threaten the IB's survival' in Sweden
Analysis & Opinion
Are we just going to let half the country die?
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Angry elk chases Swede up a lamp post
Sponsored Article
Swedish for programmers: 'It changed my life'
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
Sponsored Article
Top 7 tips to help you learn Swedish
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Swede punches clown that scared his grandmother
Fans throw flares and enter pitch in Swedish football riot
Sponsored Article
Stockholm: creating solutions to global challenges
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
Where is the Swedish music industry heading?
Swedish school to build gender neutral changing room
Sponsored Article
One expat's strategy for making friends in Stockholm
People-watching: October 14th-16th
Sponsored Article
Nordic fashion in focus at Stockholm University
Man in Sweden assaulted by clowns with broken bottle
Nobel Prize 2016: Literature
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Record numbers emigrating from Sweden
People-watching: October 12th
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
jobs available