SAS signs deal to dump Estonian Air
Rahvusvahelised uudised 04 Jun 2010  EWR
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However, the sell-off is not the end of the airlines’ comradeship
The Swedish Wire


Scandinavian airline SAS said Friday it has signed a deal to sell its 49 percent stake in Estonian Air in a move to focus its business on the Nordic home market.

However, the divestment is not the end of the relationship between the Estonian and Scandinavian airlines. After a planned rights issue the Estonian Government will hold 90 percent and SAS 10 percent of Estonian Air.

Both sides will have to put up fresh cash.

Continue reading here:
http://www.swedishwire.com/bus...
 
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