SAS announced that the Board decided that the conditions for the implementation of 4Excellence NG exist as the condition to have all eight union agreements signed had been reached.
On 19 November SAS announced that the Board had decided that the conditions for the implementation of 4Excellence NG exist as the condition to have all eight union agreements signed had been reached. The new revolving credit facility of SEK 3.5 billion was therefore only subject to parliamentary approval where required. These approvals have now been obtained in all three Scandinavian countries. All other conditions are also in place.
The previous MEUR 366 credit facility has been replaced by this new facility and SAS’s bilateral facilities amounting to SEK 1.25 billion has been terminated as these provided limited benefit at a significant financial cost. The maturity of the new facility is March 31, 2015.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
