CPHGuard
Topic Author
Posts: 249
Joined: Fri Jun 09, 2006 8:58 pm

SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 6:08 am

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
 
LHboyatDTW
Posts: 764
Joined: Thu Jan 25, 2007 12:53 pm

RE: SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 6:46 am

ouch............and they just started making a profit on long haul
The air in the clouds is very pure and fine, bracing and delicious because it's the same the angels breathe.
 
HanginOut
Posts: 521
Joined: Sun May 29, 2005 3:24 am

RE: SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 11:33 am

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
 
OHLHD
Posts: 2903
Joined: Fri Dec 03, 2004 6:02 am

RE: SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 12:56 pm

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
 
FBU 4EVER!
Posts: 980
Joined: Sat Jan 27, 2001 6:53 am

RE: SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 5:46 pm

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"!
 
levg79
Posts: 918
Joined: Sat Sep 27, 2003 10:59 am

RE: SAS Loses 100 Mill. DKK.

Sun Sep 16, 2007 10:44 pm

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.