SAS and pilots unions reach deal to end strike

SAS and pilots unions reached a wage deal on Monday

SAS and pilots unions reached a wage deal on Monday, ending a strike over a new collective bargaining agreement that has grounded hundreds of flights and thrown the airline's future into doubt, Qazet.az reports.

A majority of SAS pilots in Sweden, Denmark and Norway walked out on July 4 triggering a strike that SAS has said cost it between $94-$123 million a day.

"What I'm hearing from the negotiation room is that we have a deal," a spokesperson for Dansk Metal, one of the unions representing SAS pilots, told Reuters, adding the agreement was not yet finalised.

"We have a deal, now we are just getting the last signatures," SAS Chairman Carsten Dilling told Swedish business daily Dagens Industri.