In the latest step in its Core SAS program to "focus on the Nordic home markets," SAS Group announced it reached an "agreement in principle" to sell nearly all of its 49% holding in Tallinn-based Estonian Air to the Estonian government. Under a deal announced Friday, the government will provide approximately SEK205 million ($26.3 million) of new capital to its struggling national carrier via a rights issue and SAS will convert approximately SEK20 million in loans into ...

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