SAS sells off supply business
The Local Sweden - [email protected]
Published: 15 Dec, 2005 CET.
Updated: Thu 15 Dec 2005 16:24 CET
Scandinavian Airlines System (SAS) said on Thursday it had agreed to sell 67% of its SAS Component Group unit to Singapore Technologies Engineering for 80.4 million euros.
The business employs 1,100 people and provides repair services and material supply to SAS and other airlines.
The Scandinavian carrier is holding on to a 33% minority stake in SAS Component and has signed a multi-year maintenance agreement with the unit.
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The business employs 1,100 people and provides repair services and material supply to SAS and other airlines.
The Scandinavian carrier is holding on to a 33% minority stake in SAS Component and has signed a multi-year maintenance agreement with the unit.
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