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SAS Loses 100 Mill. DKK.  
User currently offlineCPHGuard From Denmark, joined Jun 2006, 278 posts, RR: 0
Posted (7 years 1 month 1 week 5 days 3 hours ago) and read 2008 times:

According to the danish newspaper Ekstra Bladet, SAS has cancelled 120 flights monday and tuesday, because their fleet of Q400's is grounded.

According to the article the danish FAA still don't want to withdraw the ban against all Q400's in Scandinavia.

SAS has now leased capacity and planes with Sterling and MyTravel Denmark.

The article states that SAS has now lost 100 million DKK (18 mill. USD), due to the grounding of the Q400 fleet.

I wonder who will have to pay for all this, as the damage on the aircraft probably will be at least another 100 mill. DKK.

Link in danish only:
http://ekstrabladet.dk/nyheder/samfund/article337995.ece

5 replies: All unread, jump to last
 
User currently offlineLHboyatDTW From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 1 month 1 week 5 days 2 hours ago) and read 1953 times:

ouch............and they just started making a profit on long haul

User currently offlineHanginOut From Austria, joined May 2005, 550 posts, RR: 0
Reply 2, posted (7 years 1 month 1 week 4 days 21 hours ago) and read 1829 times:

Quoting CPHGuard (Thread starter):

I wonder who will have to pay for all this

That's what insurance is for. SAS will ask their insurer for the money to pay for this and the insurer will try and go after Bombardier (if they can show that this is something that Bombardier is negligent for).



Dreaming of the day I can work for an airline
User currently offlineOHLHD From Finland, joined Dec 2004, 3962 posts, RR: 25
Reply 3, posted (7 years 1 month 1 week 4 days 20 hours ago) and read 1780 times:

Quoting CPHGuard (Thread starter):

Ouch that hearts. The title was a bit misleading in the start.  Smile



Just checked by chance how OS is doing and they should bring the last one back these days.

Quoting CPHGuard (Thread starter):
I wonder who will have to pay for all this, as the damage on the aircraft probably will be at least another 100 mill. DKK.

If they have a good insurance on the Q400 they should be covered so the 100 million won't be that bad then.  Smile


User currently offlineFBU 4EVER! From Norway, joined Jan 2001, 998 posts, RR: 7
Reply 4, posted (7 years 1 month 1 week 4 days 15 hours ago) and read 1648 times:

SAS Intercont has nothing to do with this. It's a separate company within the SAS Group. SAS Denmark will bear the brunt of this loss, with SAS Sweden taking the rest. And, as already mentioned, there are insurance clauses connected to situations like this. A/C types have been grounded before (733 rudder hard-over, for instance) without airlines going belly-up.


"Luck and superstition wins all the time"!
User currently offlineLevg79 From United States of America, joined Sep 2003, 995 posts, RR: 0
Reply 5, posted (7 years 1 month 1 week 4 days 10 hours ago) and read 1445 times:

Quoting FBU 4EVER! (Reply 4):
A/C types have been grounded before (733 rudder hard-over, for instance) without airlines going belly-up.

How many airlines almost went belly up when DC-10s were grounded in 1979? I remember EI being one of them.

Leo.



A mile of runway takes you to the world. A mile of highway takes you a mile.
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