Leif Rasmussen, a veteran of SAS Group and its various interests, returned to the company 17 August as SAS Cargo’s new president and CEO. Rasmussen takes over from Kenneth Marx, who announced in June that he would leave SAS Cargo as the company will become a smaller and different operation from the one he signed on to lead five years ago. Rasmussen has a strong background in the airline industry, including several leading positions within SAS. In 2000, Rasmussen left SAS to become COO … [Read more...] about Scandinavian Airlines System
Scandinavian Airlines System
SAS cuts freighter unit
SAS, Scandinavia's biggest airline, is set to cease freighter services and shrink other cargo operations as part of a radical restructuring to stem losses and retain its independence in the fast consolidating European airline industry. The part state-owned carrier said in future its freight unit, SAS Cargo, "will focus on selling belly cargo capacity for the group's airline operations." It said other activities would be discontinued or outsourced to third parties. SAS will also sell Spirit Air … [Read more...] about SAS cuts freighter unit
