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SAS Group increases holding in Spanair.

AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD

Scandinavian airline SAS Group said on Tuesday (26 June) that it has agreed with the Spanish airline Spanair's minority shareholder, Teinver, to increase SAS' ownership in Spanair.

Under the agreement SAS' ownership will increase from 94.9% to 100%.

SAS Group stated on 13 June its intention to divest Spanair. This transaction, which was completed on 26 June 2007, should be seen as a step in the preparation of this process, the company added.

No financial information was provided.

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Publication:Airline Industry Information
Article Type:Brief article
Date:Jun 27, 2007
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