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SAS spends $3bn on planes

Scandinavian Airline Systems (SAS) is to spend about $3bn buying new aircraft and upgrading its existing fleet over the next four years. About half the money will be spent on Airbus A330/340 and A321 long haul aircraft, with the other half going towards upgrading its existing fleet, mainly by buying more Boeing 737 planes, a company spokesman said. The investment is an effort to expand the company's position as an intercontinental flights operator. SAS will hire more than 5,000 people in Norway, Sweden and Denmark as part of the expansion.