airBaltic Management Plan to Buy Out SAS Shares in Airline
Riga 18.12.2008
Management at the Latvian national airline airBaltic have decided to buy out shares in the airline that are currently owned by SAS AB.
The president and CEO of airBaltic, Bertolt Flick: "Even in this difficult economic climate, the management believes in the company's future and has decided to buy the shares which currently belong to SAS AB.'
Closing of the transaction will be on January 31.
airBaltic is pleased to confirm that it will continue its commercial cooperation with SAS AB.
