SAS and the pilots union found an agreement that will last 5 and a half years, with the pilots agreeing to a 25% wage cut. The pilots strike grounded 3700 flights and did cost SAS $145 mln.
The deal allows SAS to finalise the bankruptcy protection process, and as a consequence its shares rose 12%
Denmark, Newswire, Norway, SAS, Scandinavia, Sweden, Tourism, Transport
