SAS Group announced the completion of its sale of a majority share in Spanair and its entire stake in airBaltic. A consortium of Spanish investors led by Consorci de Turisme de Barcelona and Catalana d'Inciatives acquired an 80.1% stake in Spanair for €1 ($1.31), leaving SAS with the remainder (ATWOnline, Dec. 19, 2008). SAS took a SEK712 million ($87.9 million) loss on the deal that will reflect on its fourth-quarter balance sheet. It will convert €20 million in existing loans ...

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