SAS overtager STERLING

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SAS Cargo takes over Sterling's freight activities

SAS Cargo takes over Sterling's freight activities, formerly Maersk Air
Cargo, from October 1. The takeover includes the freight sales agency
for eight foreign airlines in the Nordic and Baltic countries and also
22 employees.

The acquisition is part of SAS Cargo's long-term strategy for growth and
gaining of market shares and at the same time being able to develop the
freight capacity in close cooperation with the customers. The former
Maersk Air Cargo employees will join a new-established sales agency
organisation (GSA) in SAS Cargo Group.

- With the takeover of this activity a new and exciting chapter in the
SAS Cargo history begins as we will - in addition to our current
business - also focus on growth in the freight agency business and will
be selling freight capacity on aircrafts not owned by the SAS Group.
With this we are able to offer freight customers transport solutions
from the Nordic and Baltic countries, which previously were not
possible, says Kenneth Marx, President and CEO of SAS Cargo Group A/S.


Facts about SAS Cargo Group A/S
SAS Cargo had a turnover of 2,837 MSEK (310,000 EUR) in 2004 and 1265
employees in Scandinavia and 130 outside Scandinavia. SAS Cargo is an
independent company, 100 percent owned by SAS Group. SAS Cargo's revenue
comes primarily from transport of freight globally and from handling of
airfreight at terminals in Scandinavia, the US and the Baltic region.
Facts about Sterling's freight activity
Sterling's newly acquired cargo business, formerly Maersk Air Cargo,
offers airfreight capacity to approximately 500 destinations primarily
in Asia, the Middle East, Africa,
North America, Central America and South America. In 2004, the total
tonnage was more than 10,000 ton. The freight agency includes sale of
capacity on the following airlines: Air Baltic, bmi Cargo, Cathay
Pacific Airways, Finnair, Estonian Air, Iberia, South African Airways,
Qatar Airways and UPS Air Cargo.
:lol
 
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