Airliners.net forum: SAS Sells Its Stake In Air Baltic

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Topic: SAS Sells Its Stake In Air Baltic
Username: Someone83
Posted 2008-12-18 09:25:46 and read 1680 times.

http://borsen.dk/transport/nyhed/147479/ (Sorry, but link only in Danish)

SAS has sold its 47% ownership share in Air Baltic to the Air Baltic management for SEK 220millions

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: MarcinGDN
Posted 2008-12-18 16:27:55 and read 1465 times.

and the rest of the shares?
20M Euros seems cheap

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: Mortyman
Posted 2008-12-18 16:53:11 and read 1443 times.

SAS is also selling down it's stake in Spanair. Not entirely, but some...

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: Larshjort
Posted 2008-12-18 17:04:32 and read 1433 times.

They are really trying to slime the company in order to look like a better subject for Lufthansa. Everybody has agreed to cut wages, including pilots, cabin crew and management.

/Lars

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: BT001
Posted 2008-12-18 22:19:47 and read 1354 times.

Quoting MarcinGDN (Reply 1):
and the rest of the shares?
20M Euros seems cheap

rest of the shares is owned by Latvian state.

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: Someone83
Posted 2008-12-18 22:40:51 and read 1338 times.

Quoting MarcinGDN (Reply 1):
and the rest of the shares?

'

Owned by the Latvian Government

Quoting MarcinGDN (Reply 1):
20M Euros seems cheap

It's not worth more. It's a loss making company

Quoting Larshjort (Reply 3):
Everybody has agreed to cut wages, including pilots, cabin crew and management

AFAIK the cabin crew unions (it's at least 4 of them only in SAS) has not reached an agreement yet

Topic: RE: SAS Sells Its Stake In Air Baltic
Username: FlyingAY
Posted 2008-12-18 23:30:25 and read 1298 times.

Any guesses of the future frequent traveller program of Air Baltic? How long will Eurobonus keep them / they will keep Eurobonus?

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