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New hope for SAS as US company confirms plans to invest

Benedicte Vagner
August 15th, 2022


This article is more than 2 years old.

Millions of dollars may be what will save SAS after looking for bankruptcy support in the US

SAS to gain support from US company (photo: Pixabay)

Subject to approval, US investment company Apollo Global Management has confirmed it will give SAS a loan of 700 million US dollars.

The loan should help SAS pay its employees’ salaries over the next 9-12 months, whilst solidifying its financial position ahead of a restructuring, after which it will become known as SAS Forward.

It is a great boost for a company left on the precipice by several significant strikes in July – most notably one by pilots that lasted for 15 days from July 4.

Following the start of the strike, on July 5, SAS filed for bankruptcy protection in the US.

Moving forward
The plan for the company to become SAS Forward was first announced in February in the hope of saving up to 7.5 billion Swedish krona a year.

However, this plan will only come into full effect if pilots, cabin crew and other employees help support the reduction of costs it requires.

The most important next step is whether the Apollo Global Management investment is given courtroom approval in the US.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”