By Christina Zander
STOCKHOLM--Scandinavian airline SAS AB (SAS.SK) has entered into
an agreement to acquire 100% of the shares in Danish regional
airline Cimber A/S for 20 million Danish kroner ($3.3 million).
Since 2004, SAS had agreement with Cimber for the lease of
aircraft and crew. Monday's acquisition provides the Scandinavian
carrier with an opportunity to transfer smaller aircraft to Cimber
in Copenhagen, the company said.
"The acquisition of Cimber, will give SAS access to a specialist
within regional flights with a very competitive production platform
that complements SAS' production of larger Airbus and Boeing
aircraft," said Rickard Gustafson, SAS chief executive.
The transaction must be approved by relevant competition
authorities, and is subject to other customary conditions. Final
payment will be made in April 2015.
Shares in SAS closed at SEK16.10 Friday.
Write to Christina Zander at christina.zander@wsj.com
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