The SAS Group has agreed to sell its 55 per cent stake in the Spanish ground handling company Newco Airport Services to Teinver. Teinver will hold 100 percent of Newco after the transaction.
“The divestment is a part of Strategy 2011 launched in June and this is the first part to be completed. We are confident that the new majority owner will continue to develop the business in a growing Spanish market”, says Mats Jansson, SAS Group President & CEO.