A Notable Account of the History of Scandinavian Airlines
When most airlines start out, it is usually a rough and difficult journey, but not for Scandinavian Airlines. We are referring to the available passenger air carrier resources brought to the table by the founding partners. Despite this, most of their successes came from shrewd business practices and marketing decisions. Their combined years of experience in the aviation industry allowed them to become a profitable company. Their good results, and their ability to manifest what they focused upon, had to do with taking chances at the right moments in time. This article will discuss specific aspects of Scandinavian Airlines.
If you fly quite a bit, you probably have noticed that each airline has the flag of their country of origin. This aviation tradition is rooted perhaps from a sense of pride that is natural and understandable. The business foundation of Scandinavian Airlines is rooted in cooperation and sharing. A strong spoke in the wheel, Norway is part owner in this major airline. Similar to many larger corporations, this airline is privately funded as well as publicly owned. Throughout all of Scandinavia, SAS is the largest air carrier in the region. The airline owns a fleet of 198 aircraft and flies to almost 180 destinations around the world in 30 countries.
One feature a majority of airlines share is their predisposition to have aggressive investor and ownership portfolios. Considering how formidable handling the financial operations of an airline is, this comes as no surprise. So once again, but in the 90s, SAS endured more changes with ownership and financial investment holdings. Even so, SAS additionally acquired some other airlines. The bought a 95% interest in Spanair, Spain’s second largest air carrier, as well as Air Greenland. SAS signed an agreement with a Catalonian group to divest more than 80% of its holdings in Spanair.
We are not shy about discussing the smart moves SAS has made over the last several decades. But let’s not forget about code sharing agreements with non-alliance airlines. This simply means a legally binding agreement is created between two airlines to the benefit of each. Passengers from each airline can fly on the other and the revenue is passed on to the parent company ticket holder. A few of the airlines committed to these agreements include United Airlines, Lufthansa and Austrian Airlines. Another common occurrence with code sharing is called schedule integration which means fewer missed flights due to connection mishaps. Scandinavia Airlines, being owned and operated by three different but adjacent countries can be challenging at times. Despite the obvious complications that could arise, this company continues to do what it has from the start. Despite its obvious differences with how other airlines are managed, it does well with this precise format. This company has many business contracts that make it stable and productive like never before.
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