Is Qatar Airways about to take over SAS?

“Pure speculation” about Qatar Airways affects traders

Scandinavian airline SAS got an unexpected boost to its share price on Tuesday when Dagens Naringsliv, a Norwegian newspaper, wrote that Qatar Airways may be interested in buying the company. This was despite the fact that such a takeover is mere speculation. The paper was quoting Ole Kirchert Christensen, CEO of Travelbroker, who said that the two airlines would fit each other perfectly.
Takeover speculation has surrounded the airline for years. Loss-making SAS is battling overcapacity, low-cost rivals and an aging fleet.
“I think it is in the area of pure speculation,” Jacob Pedersen, an analyst at Sydbank, told Reuters. “It’s possible, but then everything is possible. Lufthansa could do the same and other companies are also a good fit with SAS.”
[pictured: Airbus A340; courtesy SAS]


Check Also

Lufthansa, Swiss, Austrian, Brussels Airways, flights, fare, basic, economy, Light, transatlantic, USA, Canada, Scandinavia, cabin bag only, food

Nordic trial allows Lufthansa to go Light

Airlines in the Lufthansa Group are the latest to offer a new low fare to fight LCCs on North American routes.

Norwegian, flights, airline, technology, search, temperature, UK, Gatwick, ideal, best, destination, holiday, winter

Flight search by temperature to find best destination

Norwegian launches a new temperature-based search function to find suitable destinations from the UK.

Norwegian, IAG, takeover, buy, Walsh, third, offer, billion, debt, newspaper, report

IAG prepares new offer for Norwegian: report

IAG is considering a third and final approach to bid for Norwegian, according to press reports.

SAS, coffin, casket Gdansk, Poland, Kristiansand, Tromso, flight, wrong, cargo

Wrong coffin sent to Gdansk: SAS investigates

The casket containing the body of a Norwegian man was flown to Poland by mistake – and buried.

SAS, LOT, Heathrow, London, noise, aircraft, descent, MAX, Boeing, Continuous Descent Approaches, list, greenest, quietest

SAS is “quietest and greenest” at Heathrow

The airlines SAS and LOT have been singled out for praise by one of the busiest airports in the world.

Primera Air, airlines, list, low-cost, long-haul, cheapest, Rome2Rio, ranking, cost per kilometre, SAS, Norwegian, Finnair, Virgin, world, Global Flight Pricing

Cheapest airlines in the world listed

Airlines are ranked according to the lowest fares for passengers in terms of cost per kilometre.