Airline SAS hangs in balance despite union deals

Published November 19, 2012 9:07am ET



COPENHAGEN, Denmark (AP) — The future of Scandinavia’s flagship airline SAS hangs in the balance even though it concluded deals Monday with the vast majority of its pilot and cabin crew unions.

The troubled carrier must convince unions of the need to cut jobs, salaries and pensions as part of a restructuring deal with creditors that will keep the airline — half-owned by the Swedish, Danish and Norwegian governments — afloat.

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