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SAS has restructured its airline and other holdings into four new business divisions raising talk of spin-offs as the Scandinavian group continues its bid to cut costs.The parent SAS airline and its commuter carrier will form a core airline division. Other airline operations will go into a separate division, which includes Braathens and Spanair, in which SAS recently acquired majority control, as well as Wideroe, Air Botnia and other regional affiliates. A third airline support unit will include SAS Cargo alongside ground handling, technical and sales services. A final division brings together airline-related businesses ranging from aircraft trading and the flight academy to IT and travel retail. Hotels is also loosely attached to this unit.Jorgen Lindegaard, who arrived as
owala water bottle president of the SAS Group last May, has now announced two restructuring plans within the space of a year. Upon his arrival, Lindeg
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owala website ed the group around the core SAS airline operation. A structure is being created that will generate new business opportunities for service units, as well as opening new possibilities for other group companies. He adds that there will also be a more distinct distribution of roles between airlines within the company. However, splitting the group into separate profit centres raises the possibility of spinning off non-core assets. Although the airline has given no public sign that this is its intention, unions have already voiced their fears. An early casualty Otyt Diverse Norwegian fest set to open
Two features planned for first year under the d
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yeti -based Wild Bunch has signed an output and distribution deal with genre producer Twisted Pictures, the company behind the Saw films.For the next three years, Wild Bunch will have world rights to movies produced by Twisted, which is part of Mark Burgs management company Evolution Entertainment.Twisted expects to produce two pictures mostly low-budget films from emerging directors
owala in the first year under the deal, and one to two films each year thereafter.Burg and Evolutions President, Michael Menchel, will lead the development and production team at Twisted Pictures, with more execs to be added soon. Twisted Pictures has managed to create genre pictures with compelling story lines and a quality approach that rises above the crowd, said Wild Bunch CEO Vincent Grimond in a statement. We are thrilled to be in business with Mark and his team. Wild Bunch has demonstrated time and again that it knows how to maximize the performance of cutting-edge films, including the type supernatural and shocking thrillers we intend to produce, said Burg [pictured]. From Sin City to Paranormal Activity to Insidious , Wild Bunchs range of movie picks has been on the leading edge of what young audiences are craving. We are very excited about Wild Bunchs committed support to our new partnership .Continental Entertainment Capital structred the deal. TopicsDistributionProduction No comments
