The fact that the Norwegian government may consider converting around SEK 1.5 billion of SAS's debt into shares can be seen as a help to the airline.
Aviation analyst Jan Ohlsson, on the other hand, does not believe that this measure alone is enough to save the company.
- SAS has debts of SEK 20 billion in total.
If we compare with the airline Norweigan, which in principle has no debts at all right now, there is a long way to go, he says.
Norway must act cautiously
The news of a possible share conversion instead of healthy capital, Ohlsson believes, came quite unexpectedly for SAS.
He explains this by saying that the Norwegian state must act cautiously in the matter in order to avoid major consequences.
- There are a lot of jobs in private, newly invested, newly constructed airlines in Norway at stake.
Even small savers who have invested shares in the smaller airlines.
Then you can not go and waste a lot of tax money on SAS, says Norway's Minister of Trade and Industry, says Ohlsson.
Want to keep SAS
According to Ohlsson, it is still in Norway's interest for SAS to succeed.
- Norwegian air traffic is the most viable and most lucrative of the three Scandinavian countries and domestic traffic is extremely important.
They would like to keep SAS as a competitor and player so that other airlines or SAS themselves do not have a monopoly.
Hear the flight analyst Jan Ohlsson talk about SAS and the Norwegian government in the clip above.