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Old Sep 7, 2010 | 1:04 pm
  #16  
jth
15 Years on Site
 
Join Date: Nov 2009
Location: ARN/STO
Programs: SK EBS, BAEC blue, SPG
Posts: 586
Originally Posted by Amexpat
I'd like to see SK survive, but I can't see how they can do it with the three country model. There's not enough solidarity between the various govt.s and unions.
The current swedsh gov't has clearly stated the long term intention to sell SAS once it is profitable again. The swedish business minister (Maud Olofsson) has stated that she thinks SAS is a good turn around case and the latest capital injection would be enough. SAS is also on the official "sell-list", so the current three-country model is probably history soon.
With the upcoming elections, we'll see what happens though.
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Old Sep 13, 2010 | 12:53 am
  #17  
 
Join Date: Apr 2007
Location: Australia
Programs: SAS EBG, Qantas FF Silver
Posts: 76
Originally Posted by oliver2002
The name of the game is to stay in touch with more than one supplier and buy when they are either developing (SK did that with MD/DC) or when they are in a downturn (SK bought some A330s that way)
SK did not buy some A330's in that way. They ordered the big buses at the end of the 90's when demand peaked. The buses were delivered in a time of downturn though and payments to Airbus. Adding to this, SK gave up their options to acquire more big buses in the early 2000's and renegotiated four A321's to A319's. So in essence it's not rocket science to state that the policy following the orders 10 and 11 years ago for different Airbuses has been a mess SAS and that this policy undermined the whole concept.

They should have started with cost cuts in order to be able to earn money rather than outsource and sell off own assetts, defer deliveries, cancel options (incl. taking penalties), selling off their new 737's and keeping the old planes. It is a splendid example of epic mismanagment!

Cheers,
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