SAS has reached an agreement with the Norwegian pilots' unions

Regulatory News:

The negotiations between SAS (STO:SAS)(OSE:SASNOK) and the pilots' unions NSF and SNF in Norway have been concluded. The parties have agreed to new collective bargaining agreements and all SAS-flights to, from and in Norway will depart as scheduled.

SAS has been in negotiations with the two pilots' unions since the middle of April, and from 7 June the process has continued at the National Mediator's Office in Oslo. This mediation process has now resulted in new collective bargaining agreements. The agreements are effective from April 1, 2016 and are valid for one year.

- It is good that we have reached an agreement with the Norwegian pilots' unions. We thereby avoid any disturbances in Norway and our passengers can fly with us as planned, says Rickard Gustafson, President and CEO of SAS.

The negotiations between SAS and the Swedish pilot union SPF continues in Sweden.

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