newstodate.aero
MAY 19, 2004 (newstodate): SAS has formed a strategy to increase its power over the Baltic airlines.
Speaking at a conference in the Baltic Economic Forum, the SAS Group CEO, Jorgen Lindegaard said that SAS will set up a joint company in the Baltics to increase SAS's shareholding positions in Estonian Air and airBaltic from the current 49 and 47.2 percent, respectively, to majority positions.
Lithuanian Airlines remains outside SAS' control after SAS backed down from an offer to take over the airline during its aborted privatisation attempt last year.
Instead, airBaltic has now set up an operational base at Vilnius, Lithuania, to offer direct flights from there to European cities, which has become feasible after the contries both joined the EU from this year.
Speaking at a conference in the Baltic Economic Forum, the SAS Group CEO, Jorgen Lindegaard said that SAS will set up a joint company in the Baltics to increase SAS's shareholding positions in Estonian Air and airBaltic from the current 49 and 47.2 percent, respectively, to majority positions.
Lithuanian Airlines remains outside SAS' control after SAS backed down from an offer to take over the airline during its aborted privatisation attempt last year.
Instead, airBaltic has now set up an operational base at Vilnius, Lithuania, to offer direct flights from there to European cities, which has become feasible after the contries both joined the EU from this year.