Originally Posted by
Fredrik74
I'd be interested to know how much of the pension problem was solved last week. How much is left of the 12 billion? If it's significantly reduced then SAS may be on the track to recovery to be a healthy company. If not, it's just a matter of time until they're bankrupt.
As far as I understand only future accrual (i.e. no further accrual due to conversion to DC plan) will be affected by the deal with the unions. Of course if some staff under DB plans will have the retirement age delayed (cabin staff) that could reduce the liabilities slightly but I do not think it will have much effect. SAS has 12 billion of pension assets recognised that will have to be derecognised come November 2013.