SAS agrees to sell Spanair and Air Baltic shareholdings

Source: Flight Global

"SAS Group has agreed to sell a majority of Spanish operation Spanair to a group of Catalonian investors, and its minority stake in Air Baltic to the Latvian carrier's management. Details of both agreements have been released today by the Scandinavian company. It plans to remain a core shareholder of Spanair, but is completely divesting its 47.2% Air Baltic share." Next.