SAS shares up 3.3% as Norwegian Government decides to sell stake

Norwegian Government announced it has decided to sell its 14.3% stake in SAS Group, under a plan to revise state ownership across 52 companies. On Friday, the Norwegian Minister of Trade and Industry, Trond Giske, sought parliamentary approval to sell the stake in the carrier. The governments of Sweden and Denmark also hold stakes in the carrier, controlling 21.4% and 14.3%, respectively.

European airline shares were generally weaker, with Finnair down 2.6% and easyJet down 2.4%.

Selected European airline daily share price movements (% change): 01-Apr-2011