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Air France-KLM buys 19.9% shares in struggling competitor SAS

Air France-KLM is taking a 19.9 percent equity stake in the ailing Scandinavian airline SAS. The SAS recently announced that it is considering several offers from potential investors. The company is experiencing financial problems and is involved in a Chapter 11 procedure for bankruptcy protection in the United States. The Danish government also pushed money into SAS. Together with Air France-KLM and the investors, it involves a total amount of almost 1.2 billion dollars. Air France-KLM will pay 144.5 million of this amount. ....

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