SAS Group sells airBaltic to management

SAS Group sells airBaltic to management 

The SAS Group has signed an agreement today to sell its 47,2% holding in
airBaltic to the management of airBaltic. 


The sales price amount to MLAT 14 (approx MSEK 220) will be paid in cash no
later than 31. January 2009. The transaction results in a capital gain of
approximately MSEK 175 for the SAS Group. SEB Enskilda has been acting as
financial adviser for SAS Group in this transaction. 

“This divestment is in line with our strategy not to maintain minority holdings
in our airlines. We are pleased to have built airBaltic to a strong Baltic
airline in SAS ownership and we are confident that the new owners will continue
to develop the company in a positive direction”, says Mats Jansson, SAS Group
President & CEO.

“We are very pleased that we have reached a solution for the company's ownership
structure so we can continue and develop the company for the best of Baltic
region. We are also happy to announce that airBaltic will continue its
commercial cooperation with the SAS Group between Riga and Scandinavia”, says
Bertolt Flick CEO of airBaltic.



SAS Group Investor Relations


For further information, please contact
Sture Stölen, Head of SAS Group Investor Relations, phone +46 70 997 1451