October 31, 2014

SAS sells facilities at the technical base at Oslo airport

SAS AB has sold its facility at the technical base at Oslo airport for MNOK 650 to Oslo Pensjonsforsikring, after having utilized an option to buy the facilities from APAB that has been the previous owner. The transaction does not generate a capital gain or liquidity for SAS, but it will reduce the yearly operating expenses. SAS has concurrently with the sale signed a 15 year leasing agreement with the right to extension.



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