Air Transport World

SAS Group.(to acquire Estonian Air stake from Maersk Air)(Brief Article)

SAS Group signed an agreement with Maersk Air A/S to acquire Maersk's 49% stake in Tallinn-based Estonian Air. As part of the deal, SAS also acquires all of the shares of Maersk Air Maintenance Estonia AS. Total cost of the transaction is Sek180 million ($22.1 million). Estonian will continue to operate independently under its own brand. Its other shareholders are the Estonian government with 34% and Estonian investment banking firm AS Cresco with 17%. …

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