For Scandinavian Airlines This Has Been A Profitable Era
In a very real sense, it could possibly be said that Scandinavian Airlines was born to succeed. Over the years, there have been many other airlines with more humble beginnings than this one however. The airlines took shape when small, local airlines with Scandinavia put their forces together along with a Swedish investment partner. What this meant for the company was existing assets creating advantages unavailable to similar companies. Since existing airlines pooled their assets and resources, along with established airline infrastructure, they were off and running fairly quickly. By the success of the company in general, we can plainly see that this beginning was not a fluke.rnrnIt came as no surprise when these three Scandinavian countries formed the consortium that became known as SAS. The founding of the airline occurred on 1 August 1946. WW II ended on 8/9 May 1945 in Europe and 15 August 1945 in the Far East, just one year prior to the formation of SAS. The whole world was ready to start afresh after the end of the war and the forming of this alliance was the expected result of this new attitude. It only took one month for the newly formed company to begin flight operations. In 1951, the SAS Consortium was created with the coordination of European operations as their prime mission. The ownership shares were proportioned between the three countries and each country divided their share 50/50 between private investors and their respective governments. rnrnIt should be noted that, as a rule, all airline companies favor dynamic and progressive investor and ownership portfolios. But that is really not too surprising when you consider the difficulties with financial operations. The ownership and financial investment holdings were re-aligned, again, in the 1990s Even so, SAS additionally acquired some other airlines. They also bought 95% of Spanair, the 2nd largest airline in Spain, and Air Greenland. In January 2009 SAS signed an agreement to divest more than 80 percent of the holdings in Spanair with a Catalonian group of investors led by Consorci de Turisme de Barcelona and Catalana d'Inciatives.rnrnNorway, though part of the company as a whole, is called SAS Braathens to make the distinction. There was an additional business, or division, of SAS that was called Scandinavian Airlines Norge. SAS Norway is the end result of changing Braathens to Norway in the name. This process really was not confusing despite all of the controversy. The SAS Norwegian operations, as late as 2007, retains this configuration until present day. Norway, for instance, still utilizes Scandinavian Airlines Norge to handle flight operations that are domestic in nature. The other SAS partner countries are similar to Norway in that Norge handles all intercontinental flights. Scandinavia Airlines, being owned and operated by three different but adjacent countries can be challenging at times. This airline continues to do business in the same exact manner that it has from day one. Despite its obvious differences with how other airlines are managed, it does well with this precise format. And finally, this company has been given many business opportunities that keep it financially secure.
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