A potential sale of Sweden-based airline SAS AB (STO:SAS) would be more likely to succeed now as the company’s situation has improved since being rescued in the autumn of last year, Reuters cited Sweden’s Financial Markets Minister Peter Norman as saying today.
SAS posted a lower loss for the first quarter of this fiscal year compared to the same period the year before. The governments of Sweden, Norway and Denmark hold 50% of the airline.
According to the Swedish minister, efforts to sell SAS were made over a number of years with no result. After going through a difficult time, the airline is now better, increasing the chances for an eventual sale, Norman told the news agency.