Scandinavian Airlines’ SAS and pilot union said on Tuesday that they had reached an agreement to end a two-week strike that cost the sick airline $ 9 to $ 12 million a day.

An agreement to end the strike 15 days after negotiations took place early Monday to Tuesday was confirmed by both the company and the union.

“We are pleased to reach an agreement with all four SAS Scandinavian pilot unions and report the end of the strike,” Anko van der Werff, CEO, said in a statement.

“Finally, we can resume normal operations and skip customers during their long-awaited summer vacation. We deeply regret that many of our passengers were affected by this strike.” He added.

The new agreement, which covers the next five and a half years, means that flights operated by SAS Scandinavian will resume as soon as possible according to normal transportation programs, the company said.

“The SAS pilots are responsible for signing a new agreement with SAS and the strike will be discontinued,” the Swedish Aviation Pilot Association (SPF) said in another statement. “It was an extraordinarily tough negotiation. I added.

Pilots have been aggressive since nearly 1,000 people quit their jobs on July 4, after the negotiations broke down.

They protested the salary cuts demanded by management as part of a restructuring plan aimed at ensuring the company’s survival, and protested the company’s decision not to rehire pilots dismissed during the Covid-19 pandemic. Did.

-At risk-

Under the New Deal, 450 pilots will be rehired.

The day after the strike began, SAS announced that it would apply for Chapter 11 bankruptcy protection in the United States, and Van der Welf warned last week that a long-term strike was endangering the Chapter 11 process. It’s on the verge of crisis. “

By the time the outage is on the 10th day, SAS will already cost around SEK 1 billion to 1.3 billion Swedish kronor ($ 94 million to $ 123 million, or € 94 million to € 123 million) and 2,500 flights. I said that the above was canceled.

The CEO also said the strike “had a serious impact on the chances of success with SAS Forward.” This is a cost-cutting program launched by a sick company in February.

The airline said it could meet its obligations in the short term, but warned that cash reserves would be “eroded very quickly in the face of ongoing pilot strikes.”

With nearly 7,000 employees, mainly in Denmark, Norway and Sweden, SAS is also looking to raise about 9.5 billion krona of new capital.

“We are now working on the key task of advancing the transformation plan SAS FORWARD and building a strong and competitive SAS for the next generation,” vander Werff said on Tuesday.

Summer is becoming more difficult overall for European airlines and airports facing a staff shortage affecting air traffic.

After widespread unemployment associated with Covid-19, airlines and airports are struggling to hire new staff in many countries.

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