“They are looking at selling it, that is very concrete”
SAS plans to sell its ground handling unit in another move designed to bring back profitability, a source tells the news agency Reuters. In its latest efforts to boost profitability, the airline said that asset sales would bring in around SEK 3 billion ($450 million) to improve its balance sheet, but it has not officially said what would be sold. Ground Handling had revenues amounting to SEK 1.3 billion in 2011. A source with inside knowledge alleges that the airline has already contacted potential buyers.
“They are looking at selling it, that is very concrete,” said the unnamed source, who added that a “request for proposal” had been sent to potential buyers.
SAS has already sold some SEK 100 billion worth of assets in the last 12 years.
[photo courtesy SAS]