About: http://data.cimple.eu/news-article/23a6eaa93ace47966879ee1e996cefc20df3de799e6c90f0b78e7a62

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About: http://data.cimple.eu/news-article/23a6eaa93ace47966879ee1e996cefc20df3de799e6c90f0b78e7a62 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Sweden and Denmark will issue a new loan of almost 300 million euros ($366 million) to Scandinavian airline SAS to keep it afloat through the coronavirus crisis, the company said Wednesday. If approved by EU competition authorities, the cash infusion from its biggest shareholders will "create a liquidity buffer... a complement to other ongoing activities at SAS to reduce costs and strengthen liquidity," the carrier said in a statement. Expected to reveal further losses when it publishes results for its February-April quarter on Thursday, SAS has already slashed 5,000 jobs -- or 40 percent of its workforce. The new loan of 3.0 billion Swedish kronor follows a slightly larger credit of 3.3 billion in May last year, while a recapitalisation scheme launched in August saw Copenhagen and Stockholm expand their shareholdings. Sweden and Denmark now each own 21.8 percent of SAS, up from 14.8 percent and 14.2 percent before the pandemic. map/tgb/jj
schema:headline	Virus-stricken SAS secures new public loan
schema:mentions	Stockholm Scandinavian Airlines Copenhagen Denmark Sweden European Union Pandemic Coronavirus disease 2019 Swedish krona Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)

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