18 December 2008

Bombardier announces today that Bombardier Transportation signed a EUR 3.75 billion (approximately $5.4 billion US) Letter of Credit Facility agreement on December 17, 2008 with a syndicate of first quality international financial institutions. The facility is set up in Europe for the sole benefit of Bombardier Transportation and matures in 2013. Simultaneously, Bombardier amended its […]

The SAS Group has signed an agreement 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.

The SAS Group has reached an initial agreement with a group of investors from Catalonia, lead by the Consorci de Turisme de Barcelona (the “Consorci”) and Catalana d’Iniciatives (“Iniciatives”), for their incorporation as new majority shareholders into SAS’ subsidiary Spanair S.A. In the proposed transaction structure, SAS will remain as a core shareholder in Spanair,