London — The Swedish government has no plans to provide more capital to Scandinavian airline SAS, an official said Tuesday. However, the airline will receive support to convert its debts into shares of the company, Industry Minister Karl-Petter Thorwaldsson told Swedish radio SVT. .
But the capital will have to come from other resources and investors, he said. Lately, the Swedish government owns just under 22 percent sas, but is expected to decline, Thorwaldsson said. SAS recently announced a comprehensive set of savings to counter its difficulties. .
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