The government's decision: No more tax money for SAS

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Published 27 January 2023 at 09.34

Domestic. There is nothing “truly Scandinavian” in Scandinavia at all, was the message in SAS' criticized advertising campaign. Now the company is partly right – there are no Scandinavian taxpayers left who are forced to provide the company with money.

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The airline SAS ended the year 2022 with a large loss and is now carrying out a reconstruction.

The company announced that at the end of December it had 5.1 billion kroner in its cash register, compared to 7 .2 billion at the end of November.

The airline now needs to raise new capital, but the Swedish state, which owns 21.8 percent of the company, will not provide any additional support money.

< p>– SAS cannot count on any new government support, said the then minister of business Karl-Petter Thorwaldsson this summer.

The Ministry of Finance now says that the new government, despite the large losses in the company, maintains the same line as the former.