Spanair News

SAS Sells Spanair For 1 Euro, Takes Big Charge

January 30, 2009

Scandinavian airline SAS has struck a deal to sell most of its money-losing Spanair unit to a Spanish consortium for one euro, leaving it with a SEK2.2 billion kroner (USD$266 million) charge in the fourth quarter.
Read story

Catalan Group To Join Bid For SAS's Spanair

January 29, 2009

A group of Spanish investors, Catalana D'Iniciatives, said late on Wednesday it would make a bid for SAS unit Spanair alongside the Barcelona government's tourist body and another investor.
Read story