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Spanair acquired by a Catalan Group of investors

Barcelona, Spain - SAS to keep 19.9%

Catalan group Iniciatives Empresarials Aeronautiques said on Friday it had bought 80.1% of struggling SAS unit Spanair, and would fund the purchase by raising 100 million Euros through a share issue. SAS will own the remaining 19.9% of the airline and retain Spanair's debt. The airline will be based in Barcelona, the capital of the region of Catalonia. The reorganization of Spanair will see the...

AVIONEWS - World Aeronautical Press Agency - 1099253
Rome, Italy, 02/02/2009 13:58
AVIONEWS - World Aeronautical Press Agency

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