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From it's birth, or so some say, Scandinavian Airlines was born to succeed in a very real sense. This can be said because of their humble beginnings, although they didn't begin as humble as many others have over the years. It took a Swedish investor and several small local airlines joining forces to create this airline. What this meant for the company was existing assets creating advantages unavailable to similar companies. Due to the already established infrastructures of the existing airlines and their pooled assets and resources, this airline was able to quickly get moving. Their beginning was of course, not a fluke, as we can see by their overall success.
If we take a look at 2006, SAS reported revenues of more than 42 billion Swedish Krona, or SEK. In that one year, they transported just over 25 million people around the world domestically. This one stat [link widoczny dla zalogowanych] put the company on the top 10 list of airlines in Europe with a standing of #9. A big portion of this success was attributed to [link widoczny dla zalogowanych] smart mergers and acquisitions for SAS. Besides, they are also among the founding members of the Star Alliance Group of aviation consortiums. SAS has used a strategy of joining forces [link widoczny dla zalogowanych] with other airlines over the last 50 years which has definitely paid off [link widoczny dla zalogowanych] for them.
It should be noted that, as a rule, all airline companies favor dynamic and progressive investor and [link widoczny dla zalogowanych] ownership portfolios. But this can be expected when you think about the challenges of the financial operations of these airlines. So, one [link widoczny dla zalogowanych] more time, SAS went through more restructuring of their financial investment holdings and ownership in the 90s. Nevertheless, this didn't stop SAS from adding other airlines to its acquisitions. They also bought 95% of Spanair, the 2nd largest airline in Spain, and Air Greenland. An agreement was reached with a Catalonian group in 2009 for SAS to divest more than 80% of its holdings in Spanair.
The current state of affairs for Scandinavian Airlines finds them continuing in the tradition of a global air passenger carrier. Two of the long-distance destinations of SAS are to Asia and North America. Almost all of the international destinations of SAS begin at their two main hubs in Stockholm and Copenhagen. SAS International is the division that [link widoczny dla zalogowanych] handles the intercontinental traffic for SAS and employs slightly [link widoczny dla zalogowanych] less than 1,000 people. The European Traffic Divisions of Sweden, Denmark, and Norway operate independently from the Scandinavian Airlines International-SAS Division.
Because of the aggressive acquisition efforts of Scandinavian Airlines, they have [link widoczny dla zalogowanych] seen pay offs over the years. They were instrumental in the creation of the global Star Alliance group of airlines during the 90s. To increase the capabilities of each airline, such business alliances exist to provide [link widoczny dla zalogowanych] extra financial security. The approach of strength in numbers is understandable in the hyper competitive world of air travel and aviation. The divisions that make up the SAS since the 90's are Denmark, Norway, and Sweden. In conclusion, the SAS Global is the international flight division.
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