The Earthtimes online News
Home

Coins prove worthless for SAS Denmark

Posted : Tue, 28 Aug 2007 14:29:10 GMT
Author : DPA
Category : Finance (General)
News Alerts by Email click here )
Create your own RSS
Finance General News | Home
Copenhagen - A small fortune in coins has proved worthless for the Danish branch of joint Scandinavian airline SAS, reports said Tuesday. SAS Denmark has an estimated 750 million kroner (137 million dollars) in various coins but the carrier has been unable to find a bank where it can cash in the coins - the banks cite high costs for sorting and counting the coins.

To tackle the problem, SAS Denmark has decided that passengers who buy coffee or snacks on board have to pay with 5 krone-coins or 1 euro-coins rather than small change, the online edition of the Jyllands-Posten reported.

"We are trying to find a bank that will accept the coins so that we can get something for them," SAS Denmark spokesman Jens Langergaard told the newspaper.

Between March and end of June, SAS Denmark collected some 250 kilos in coins and the carrier would prefer passengers to use credit cards.

SAS Norway and SAS Sweden have not introduced similar rules.

The governments of Norway, Sweden and Denmark together own a 50- per-cent stake in SAS, while private shareholders hold the rest.

Copyright, respective author or news agency


Share on

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Finance (General) News click here

Choose Theme
Green Earth Blue Earth Orange Earth Purple Earth

Search
 
You can
Print this articleemail this articleComment on this article

Current News

News Category
Business
Entertainment
Environment
General
- Culture
- Cars
- Education
- Finance
- Fun
- Homes
- Legal
- Religion
- Travel
Health
Sports
Technology
World
Press Release
Add to Google Toolbar
Breaking News
Press Releases

About us | News Archives | Browse old Archive | Feedback | Disclaimer | Mobile/PDA | News Alerts

The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions
expressed in the articles either direct or indirect.

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy