Manufacturing Industry
SAS cancels plans to acquire stake in Lithuanian airline
Airline Industry Information, April 25, 2003
AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD
Scandinavian Airlines System (SAS) has cancelled its plans to purchase a stake in Lithuania's state-owned airline, Lithuanian Air.
According to an SAS spokesperson, the carrier dropped the plans as the size of the stake did not justify the expense.
Despite the cancellation the carrier is still planning to expand in the Baltic states.
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COPYRIGHT 2003 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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