02-Apr-2009 4:36 PM
SAS shares up 14.5%, Air France-KLM, British Airways, Aer Lingus stronger. Europe airline shares
Analysis
Completion of the sale of 80.1% of subsidiary Spanair is clearly a great relief for SAS. Helped by a generally friendlier share market, the Scandinavian carrier's shares rose 14.5% on the day yesterday. By cleaning up the untidy structure of SAS, the completion of this sale also makes the airline more attractive for a potential buyout - perhaps by Lufthansa.
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