SAS thanked the unions

Eight out of eight unions accepted SAS's terms, and the board thanked the unions for their cooperation after the last deal was signed Monday afternoon.

"These deals are the result of hard work, and the labor unions have taken on a lot of responsibility in this situation. It's amazingly pleasing," the CEO of SAS, Rickard Gustafson, told the press Monday.

Board Director Fritz Schur does not think the airline will have any problems following through with the saving measures, now that all the unions have accepted the terms.

Selling Widerøe is part of the company's future economy plan, a sale that may be completed within a year. Schur, however, does not have number in mind for what the airline could go for.

However, both Schur and SAS's head of communication in Norway, Knut Morten Johansen, seem optimistic and believe that business can no go on as usual for the company.

"There is more security now for future development and operation," says Johansen. "As a result, there is a stronger basis for a far more competitive SAS."

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