22-Jan-2009 12:02 PM
SAS falls on Estonian Air support, Ryanair down as Aer Lingus bid chances slim
Analysis
SAS shares fell 5.3% as investors reacted to news the airline has lent money to Estonian Air, which signals its bid to buy the 34% stake in Estonian held by the government is alive. SAS previously announced plans to sell its 47.2% of Latvian airline airBaltic and investors would probably prefer the carrier do the same thing with Estonian.
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