July 18 (Reuters) - SAS AB:

* SAS REACHES AGREEMENTS WITH SAS SCANDINAVIA PILOTS' UNIONS, ENDING THE PILOT STRIKE

* FLIGHTS OPERATED BY SAS SCANDINAVIA WILL RESUME ACCORDING TO THEIR REGULAR TRAFFIC PROGRAM AS SOON AS POSSIBLE

* SAS - PARTIES AGREED ON NEW 5.5-YEAR COLLECTIVE BARGAINING AGREEMENTS

* TERMS AND CONDITIONS OF AGREEMENTS ALSO YIELD A LOWERED UNIT COST FOR SAS SCANDINAVIA PILOTS

* A NUMBER OF PENDING LITIGATION PREVIOUSLY INITIATED BY PILOTS' UNIONS AND/OR INDIVIDUAL PILOTS AGAINST SAS WILL BE WITHDRAWN

* IN ACCORDANCE WITH A RESTRUCTURING SUPPORT AGREEMENT TO BE ENTERED INTO BETWEEN PARTIES IN CHAPTER 11 PROCESS

* DISTRIBUTIONS UNDER THAT UNSECURED CLAIM WILL BE CAPPED AT SEK 100 MILLION AND MADE OVER 5.5 YEARS, CORRESPONDING TO TERM OF AGREEMENTS

* SAS - HAS GRANTED UNIONS A GENERAL UNSECURED PRE-PETITION CLAIM FOR PILOTS IN AMOUNT OF SEK 1.0 BN IN SAS VOLUNTARY FINANCIAL RESTRUCTURING PROCESS

* SAS HAS COMMITTED TO REHIRE, AND SUBSEQUENT FULL-TIME EMPLOYMENT, OF 450 PILOTS IN TANDEM WITH RAMP-UP OF FLIGHT OPERATIONS UNTIL 2024

* SAS WILL NOW BE ABLE TO PROCEED WITH ITS PROCESS TO SECURE FUNDING TO SUPPORT COMPANY'S ON-GOING OPERATIONS

* ESTIMATED EFFECT OF STRIKE IS APPROXIMATELY SEK 100-130 MILLION PER DAY (US$9.5-$12.5 MILLION) IN LOST REVENUE AND COSTS

* TO DATE, FINANCIAL IMPACT OF STRIKE IS EXPECTED TO EXCEED SEK 1.5 BILLION (US$145 MILLION)

* SOME TRAFFIC DISRUPTIONS WILL CONTINUE DURING FOLLOWING DAYS WHILE NORMAL TRAFFIC IS RESUMED

* TERMS AND CONDITIONS OF AGREEMENTS ALSO YIELD A LOWERED UNIT COST FOR SAS SCANDINAVIA PILOTS Source text for Eikon: Further company coverage: