SAS Group to sell holdings in non-core businesses

June 14, 2007


Scandinavian airline SAS Group said on Wednesday (13 June) that its board of directors has decided to give the company a new direction.

In the future SAS is to concentrate on its core business of flying to, from and within Northern Europe.

As a result, units that do not belong to the core business will be sold. This includes holdings in the airlines Spanair, bmi and Air Greenland.

SAS said that with the new direction the company will create over a four-year period the preconditions for growth in all markets and increase the number of passengers by a total of 20%.

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