SAS to drop airBaltic

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SAS to drop airBaltic

Aug 20, 2008
By Talis Saule Archdeacon

FLY AWAY: SAS announced that it will not continue with airBaltic if it cannot have the controlling share.

RIGA - Scandinavian airline giant SAS has announced that it will sell its nearly 50-percent stake in the state-run Latvian airline company airBaltic. The airline said it wanted to pull out of airBaltic because of a decision by the Latvian government not to privatize the company. SAS had previously set its sights on obtaining a majority share in the carrier. “As a result of the Latvian government’s decision not to privatize airBaltic, SAS is no longer interested in owning shares in the compan ...

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