Sale of Spanair completed

Sale of Spanair completed

On January 30, the SAS Group ("SAS") reached an agreement with Initiatives
Empresarials Aeronàutiques, S.A. ("IEASA"), a company comprising , Consorci de
Turisme de Barcelona, Catalana d'Inciatives, Volcat 2009 and Fira de Barcelona,
whereby IEASA would acquire a majority stake of 80.1% in SAS' subsidiary Spanair
S.A. ("Spanair") for a cash consideration of 1 EUR. 

Following the transaction, SAS remains a 19.9% minority shareholder in Spanair
and acts as its industrial partner to assist in the implementation of its
strategic plan, which aims at further strengthening Spanair's position in Spain
and as the leading carrier in Barcelona. 

The transaction was completed today, following receipt of all necessary
regulatory clearances by SAS and Spanair, including approval from Spain's
competition commission (CNC).

The capital increase in Spanair of 100 MEUR is to be completed before the end of
April 2009. In the interim period SAS has undertaken to provide a bridge loan to
Spanair S.A., if needed, of up to 15 MEUR to be repaid not later than April 30,
2009, and by the structure of the bridge loan the total funding commitments of
SAS in Spanair and visavi IEASA following today's closing of the sale will
remain unchanged from what SAS has previously disclosed.



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


SAS Group Investor Relations


SAS discloses this information pursuant to the Swedish Securities Market Act
and/or the Swedish Financial Instruments Trading Act. The information was
provided for publication on March 31, 2009, at 4.40 pm CET