STOCKHOLM, July 2 ― The threat of an indefinite strike by pilots at troubled Scandinavian airline SAS was again pushed back Saturday, with negotiations between management and unions extended for a second time.
The pilots are protesting against salary cuts demanded by management as part of a restructuring plan aimed at ensuring the survival of the company, which has suffered a string of losses since the start of the coronavirus pandemic in early 2020. Denmark, the biggest shareholder with Sweden, with 21.8 percent each, said in June it was ready to increase its stake to 30 percent.Norway, which left SAS in 2018, has said it is ready to return to the airline, but only by converting debt into equity.
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