Air Transport World

SAS.(EUROPE Report)

SAS's board of directors named Rickard Gustafson the airline's new president and CEO. Gustafson, 46, will replace Mats Jansson, who will step down Oct.1. Gustafson currently heads insurance firm Trygg-Hansa/Codan. He will take up his new post by March 2011. In the interim, Deputy CEO John Dueholm will serve as acting president and CEO.

SAS Group posted a net loss of SEK502 million ($68.6 million) for the June quarter, narrowed from a SEK1.05 billion loss in the year-ago period. …

Log in to your account to read this article – and millions more.