SAS Cargo buys Sterling’s air cargo operations
SAS Cargo has acquired all Copenhagen-based Sterling Airlines air cargo activities. No financial details were reported.
SAS Cargo said the deal will add about 30,000 tons of extra capacity to its annual European capacity.
“With this new agreement we are increasing our total available cargo capacity within Europe and add a number of new destinations to markets where we often experience a bottleneck effect, especially between southern parts of Europe and Scandinavia,” said Kenneth Marx, president of SAS Cargo.
” Sterling’s focus is on scheduled services and charter services for passengers,” said Almar Orn Hilmarsson, Sterling’s chief executive officer.
The new agreement follows last month’s purchase by SAS Cargo of Sterling’s general sales agency unit, from which it has established Cubic Air Cargo.