newstodate.aero
APR 28, 2003 (newstodate): Lithuanian sources now confirm that SAS did withdraw its interest in taking stakes in Lithuanian Airlines.
As the deadline expired on Friday, SAS officiall notified the Lithuanian state body in charge of privatisations that it would not proceed, leaving the Lithuanian state carrier with no other potential buyers.
As a buyer SAS would have agreed to invest 3.5 million euro in the airline, ending up with 66 percent of the shares.
As the deadline expired on Friday, SAS officiall notified the Lithuanian state body in charge of privatisations that it would not proceed, leaving the Lithuanian state carrier with no other potential buyers.
As a buyer SAS would have agreed to invest 3.5 million euro in the airline, ending up with 66 percent of the shares.