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Thursday, September 9, 2010
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AAG Dailies
SAS Will Likely Be Sold Once Its Financial Situation Improves, CEO Says The CEO of Scandinavian airline SAS expects the carrier to be sold once the economy improves and SAS returns to firm financial footing, a newspaper report said. CEO Mats Jansson reportedly said in Dagens Nyheter newspaper that the carrier is waiting for economic improvement. “My understanding is that, after this crisis is over, SAS will be part of a structural deal,” Jansson reportedly said. “It is tough out there and there are obvious synergies and advantages to be had from being part of a bigger entity.” According to Reuters, Lufthansa and Air France-KLM have both been linked with SAS. The Swedish government in February sought parliamentary permission to sell down its 21.4 percent stake in the airline. Norway and Denmark said they were also open to reducing their stakes. SAS reported a loss of SEK3.4 billion in 2009. |
      NFR & JFR   OFF THE WIRE Airports' economic impact hits billions World Fuel Services Corporation to Acquire Western Petroleum Company Alternative Energy Source Fuels Development at IAH Biz Bits: What could happen at SkyWest Airlines is anyone's guess Congress ready to pass aviation safety measures A stupid waste of tax dollars Airbus to ramp up production after winning new orders Self-Boarding Comes to First US Airport New Full-Service Fixed Base Operator Set For Airport |
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