The Lithuanian State Property Fund officially confirmed that the SAS is taking part in a tender
Published:
21 February 2003 y., Friday
The Lithuanian State Property Fund (SPF)officially confirmed that the Scandinavian Airlines System (SAS)is taking part in a tender for the sale of 34 percent of shares in the national air carrier Lietuvos Avialinijos (Lithuanian Airlines, or LAL).
According to the statement, the SPF sent a letter to Lars Lindgren, senior vice-president of SAS, saying that the potential buyer complies with the qualification criteria defined in the program for LAL' privatization.
The Finnish air carrier Finnair had also expressed keen interest in LAL' privatization, but following the expiry of the deadline of Feb. 7 to submit applications for the privatization tender, Finnair announced to have cancelled its plans.
SAS is the world's 15 biggest airline, owning about 200 airplanes and covering over 90 routes per day. Last year, SAS carried over 22 million passengers.
Šaltinis:
parex.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics.
more »
The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs.
more »
Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion.
more »
On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management.
more »
If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund.
more »
Euro report says currency provided protection from interest and exchange rate turbulence.
more »
Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent.
more »
The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.
more »
The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months.
more »