Airline survival talks go into the night

Troubled Scandinavian airline SAS and its workers' unions yesterday pushed on with talks aimed at ensuring the group's survival and avoiding bankruptcy after a midnight deadline for a deal passed.

The Scandinavian airline, hit by competition from lower-price rivals, last week announced plans to cut some salaries by up to 17 per cent, reduce overall headcount to about 9,000 from 15,000 and reduce costs.

via Business feed http://www.scmp.com/business/companies/article/1086402/airline-survival-talks-go-night