Air France-KLM becomes the new major owner of SAS – a positive message for the struggling airline, according to Alexander Norén.
– The immediate danger is definitely over. Now you have filled up with so much capital that you stay flying even if you have headwinds in the near future.
Small savers without lots
The worse it looks to be for the small savers.
– All current shareholders, large and small, will be out of luck with this, says Alexander Norén.
Of the 255,000 shareholders, 137,000 are Swedish, according to the company’s own tasks.
On financial forums, small savers express confusion, sadness and anger at the news.
“105,000 people backed into shit” writes a user on Placera’s forum.
Unusual phenomenon
According to Alexander Norén, it is very unusual for shareholders to lose their lot in this way.
– In principle, something like this needs to happen or the company goes bankrupt. Even then, the shareholders get home zero.
SAS is undergoing a reconstruction where they have been forced to negotiate with all parties who have financial interests in them – from shareholders to those who have lent them money or leased aircraft to them – in order to lower costs, explains Norén.
– The shareholders then have to put up with the fact that the shares may become worthless, because the company needs to take in new money from new owners. They have the right to that in the reconstruction process.
After all, the small savers have not been cheated – hear Alexander Norén explain why in the clip.