SAS group selger .....

sail4fun · 22-11-2005, 22:42

The SAS Group has agreed with Navtech Inc. to sell its shareholding in European Aeronautical Group

The SAS Group has signed and closed an agreement to sell its 100% stake in European Aeronautical Group (EAG) to Navtech Inc. based in Waterloo, ON, Canada.

The shares are sold at a total price of approximately MSEK 162 for the equity plus an additional amount estimated to MSEK 30 based on future revenues. The capital gain in the SAS Group is approximately MSEK 50 and the positive effect on cash and net debt is approximately the same excluding the additional amount.

"Today's announcement fits with our strategy to focus mainly on our core business said Mr. Jörgen Lindegaard, President and CEO of the SAS Group."We have been impressed with Navtech and are looking forward to building a long-term, customer relationship with them and at the same time reduce our costs."
The ownership of EAG is not considered of future strategic interest for the SAS Group and the sale is part of the ongoing programme of capital release.

"Today's acquisition is a significant step toward Navtech's strategic goal of becoming the premiere supplier of integrated flight operations solutions to airlines around the world," said Navtech, Inc. President and CEO David Strucke. "This enhances our position as one of the world's leading flight operations management providers with a tremendous airline customer base and one of the most comprehensive product portfolios."
Strucke says the combined product scope and market presence of the two organizations are highly complimentary, and provides Navtech with a critical mass in the U.S and European markets, as well as a growing presence in Asia.

About EAG
European Aeronautical Group is a wholly owned subsidiary of the SAS Group with approximately 155 employees and operations in Sweden and the U.K. The Group produces advanced aeronautical documentation and systems for the aviation industry. Its product line includes different versions of aeronautical and flight navigation documentation and flight and route planning for various systems.
EAG's fiscal 2004 revenues were approximately SEK 200 million.

About SAS Group
SAS AB is the Nordic regions largest listed airline and travel group and offers air transport and related services from its base in the northern Europe. Scandinavian Airlines provides services within Scandinavia, to/from Europe, North America and Asia. Scandinavian Airlines is a founder member of the world's largest global airline alliance - Star AllianceTM. The Group also includes the airlines Spanair, Widerøe's Flyveselskap and Blue1 and the partly owned airlines airBaltic and Estonian Air. The Group's business areas Airline Support Businesses and Airline Related Businesses include companies that support the airline operations. The Group also includes hotel operations with Rezidor SAS Hospitality.

About the Navtech, Inc.
Navtech creates and supports superior flight operations software for airlines. Navtech's software provides a competitive edge to airlines by facilitating significant costs savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With more than 200 airline customers around the world, Navtech's software directly supports millions of flights around the globe each year. Navtech has a fully rounded product portfolio that includes charting, navigational data, flight planning, crew planning, runway analysis, and mass & balance systems. Navtech has more than 250 employees with offices in the United States, Canada, Sweden, the United Kingdom and Singapore.

For further information

Navtech, Inc

Gordon Heard
Chief Financial Officer
Tel: +1 519 747 1170 x288
www.navtechinc.com

SAS Group

Hans Ollongren
Senior VP, Corporate Communications &
Public Affairs
Tel: +46 70 997 1950

Sture Stölen
VP, Investor Relations
Tel: +46 70 997 1451
www.sasgroup.net

SAS Group Corporate Communications

------------------------------------------------------------
This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download:
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EB · 23-11-2005, 05:54

Dette visste jeg ikke at SAS eide en gang...

CK · 23-11-2005, 07:13

bra - ut med non-core aktiviteter, og inn med cash!

Trety · 23-11-2005, 09:17

162MSEK... hva er listeprisen på en Q400? *håpe*

CK · 23-11-2005, 09:21

tror ikke nye Q400 er på ønskelisten til Store-Jörgen - konsernet har vel allerede noen Q400 for mye. For to år siden sto det en haug lagret i EXT. Nå er iallefall én hos Royal Jordanian, men noen er vel fremdeles stored, eller?? RolfL??

Trety · 23-11-2005, 09:23

Quote:

Originally posted by CK
tror ikke nye Q400 er på ønskelisten til Store-Jörgen - konsernet har vel allerede noen Q400 for mye. For to år siden sto det en haug lagret i EXT. Nå er iallefall én hos Royal Jordanian, men noen er vel fremdeles stored, eller?? RolfL??

Og så fly SAS Braathens fremdeles med Fokker 50...? Det er vel riktignok endel kostnader forbundet med å skifte operasjonene til Q400, men med f.eks. å leie tech av WF ville det jo kanskje totalt sett for konsernet blitt lønnsomt å holde disse i gang?

CK · 23-11-2005, 09:35

eller bare legge ned F50-operasjonene og la det selskapet i Norge som faktisk KAN turopropoperasjoner (hvem kan dét være mon tro) fly med DH3/Q400. Fokkerne er 15 år gamle og jeg tror Pettern skal ha tungt for å overbevise Store-Jörgen om at han trenger noen hundre millioner for å kjøpe nye regional-maksiner til å erstatte Fokkerne.... SAS Braathens er en LCC+ operatør - og bryter hardt med LCC'enes 1. leveregel: ENHETSFLÅTE!

LN-KGL · 23-11-2005, 09:59

Quote:

Originally posted by CK
SAS Braathens er en LCC+ operatør - og bryter hardt med LCC'enes 1. leveregel: ENHETSFLÅTE!

Nevner i fleng flere som bryter regelen da:
EasyJet: A319/B737CL/B737NG
Air Berlin: A320/B737NG/F100
JetBlue: A320/E190
Selv Southwest har ikke en enhetsflåte: B737CL/B737NG

sail4fun · 23-11-2005, 10:56

Vi vet vel alle hvofor WF ikke fikk overta disse flygningene sist vinter .

Trety · 23-11-2005, 11:08

Hadde WF fått overta F50-rutene, ville det nok kommet nye Dash'er uten at Jørgen hadde fått blandet seg for mye inn. De kunne vel sånn sett kunne bruke de Q400'ene SAS eventuelt har i opplag?

sail4fun · 23-11-2005, 11:10

-400'n er vel i overkant store på endel av F50 rutene ?

Trety · 23-11-2005, 11:21

Quote:

Originally posted by P.A. VIKING
-400'n er vel i overkant store på endel av F50 rutene ?

Sikkert på enkelte av dem, men på f.eks. KSU-OSL har jeg forstått at den ville gjøre stor forskjell. Ellers kan sikkert Bombardier overtales til å skru sammen et par-tre Q300 også?

:

sail4fun · 23-11-2005, 11:23

Ja , hadde ikke WF planlagt med +1 eller 2 Q300' ? når dette var et tema sist vinter ?

FlyHi · 23-11-2005, 11:53

Såvidt jeg er oplyst er det lige nu ikke overtallige Q400 - faktisk har SAS DK i den seneste tid ofte - uplanlagt - sendt Q400 tomme hjem fra f.eks. Tyskland om aftenen (og aflyst morgenafgangen fra udestationen) fordi de manglede dem i CPH til andre ruter.

Desuden har der været store problemer med at få repareret forskellige ikke-vitale ting på dem. F.eks. water-boiler, som i perioder har været ude af drift på næsten alle Q400 samtidigt - men både pga. meget korte turnarounds og stor belastning på flyene har der gået rigtig lang tid før dette er blevet repareret. Dette er samtidig med at man har indsat MD80 på nogle indenrigsture.

Hvis man havde overtallighed af disse fly, så burde man nok have indsat dem - istedet for at aflyse utallige afgange til gene for passagererne.

Flaps40 · 23-11-2005, 12:50

Quote:

Originally posted by CK

eller bare legge ned F50-operasjonene og la det selskapet i Norge som faktisk KAN turopropoperasjoner (hvem kan dét være mon tro) fly med DH3/Q400. Fokkerne er 15 år gamle og jeg tror Pettern skal ha tungt for å overbevise Store-Jörgen om at han trenger noen hundre millioner for å kjøpe nye regional-maksiner til å erstatte Fokkerne.... SAS Braathens er en LCC+ operatør - og bryter hardt med LCC'enes 1. leveregel: ENHETSFLÅTE!

Kunne ikke være mer enig med deg CK

22-11-2005, 22:42	#1
sail4fun ScanFlyer Mile High Club Join Date: Sep 2004 Location: NO Posts: 10,014	SAS group selger ..... The SAS Group has agreed with Navtech Inc. to sell its shareholding in European Aeronautical Group The SAS Group has signed and closed an agreement to sell its 100% stake in European Aeronautical Group (EAG) to Navtech Inc. based in Waterloo, ON, Canada. The shares are sold at a total price of approximately MSEK 162 for the equity plus an additional amount estimated to MSEK 30 based on future revenues. The capital gain in the SAS Group is approximately MSEK 50 and the positive effect on cash and net debt is approximately the same excluding the additional amount. "Today's announcement fits with our strategy to focus mainly on our core business said Mr. Jörgen Lindegaard, President and CEO of the SAS Group."We have been impressed with Navtech and are looking forward to building a long-term, customer relationship with them and at the same time reduce our costs." The ownership of EAG is not considered of future strategic interest for the SAS Group and the sale is part of the ongoing programme of capital release. "Today's acquisition is a significant step toward Navtech's strategic goal of becoming the premiere supplier of integrated flight operations solutions to airlines around the world," said Navtech, Inc. President and CEO David Strucke. "This enhances our position as one of the world's leading flight operations management providers with a tremendous airline customer base and one of the most comprehensive product portfolios." Strucke says the combined product scope and market presence of the two organizations are highly complimentary, and provides Navtech with a critical mass in the U.S and European markets, as well as a growing presence in Asia. About EAG European Aeronautical Group is a wholly owned subsidiary of the SAS Group with approximately 155 employees and operations in Sweden and the U.K. The Group produces advanced aeronautical documentation and systems for the aviation industry. Its product line includes different versions of aeronautical and flight navigation documentation and flight and route planning for various systems. EAG's fiscal 2004 revenues were approximately SEK 200 million. About SAS Group SAS AB is the Nordic regions largest listed airline and travel group and offers air transport and related services from its base in the northern Europe. Scandinavian Airlines provides services within Scandinavia, to/from Europe, North America and Asia. Scandinavian Airlines is a founder member of the world's largest global airline alliance - Star AllianceTM. The Group also includes the airlines Spanair, Widerøe's Flyveselskap and Blue1 and the partly owned airlines airBaltic and Estonian Air. The Group's business areas Airline Support Businesses and Airline Related Businesses include companies that support the airline operations. The Group also includes hotel operations with Rezidor SAS Hospitality. About the Navtech, Inc. Navtech creates and supports superior flight operations software for airlines. Navtech's software provides a competitive edge to airlines by facilitating significant costs savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With more than 200 airline customers around the world, Navtech's software directly supports millions of flights around the globe each year. Navtech has a fully rounded product portfolio that includes charting, navigational data, flight planning, crew planning, runway analysis, and mass & balance systems. Navtech has more than 250 employees with offices in the United States, Canada, Sweden, the United Kingdom and Singapore. For further information Navtech, Inc Gordon Heard Chief Financial Officer Tel: +1 519 747 1170 x288 www.navtechinc.com SAS Group Hans Ollongren Senior VP, Corporate Communications & Public Affairs Tel: +46 70 997 1950 Sture Stölen VP, Investor Relations Tel: +46 70 997 1451 www.sasgroup.net SAS Group Corporate Communications ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=154874&fn=wkr0001.pdf

23-11-2005, 05:54	#2
EB ScanFlyer Inventory Join Date: Sep 2004 Location: Ris, Oslo Posts: 25,347	Replying to Topic 'SAS group selger .....' Dette visste jeg ikke at SAS eide en gang...

23-11-2005, 07:13	#3
CK ScanFlyer Mile High Club Join Date: Sep 2004 Location: Asker Posts: 11,487	Replying to Topic 'SAS group selger .....' bra - ut med non-core aktiviteter, og inn med cash! __________________ Christian H.F. Kamhaug Flypodden.no VOLARE NECESSE EST

23-11-2005, 09:17	#4
Trety ScanFlyer Rusty Join Date: Sep 2004 Location: Drammen Posts: 5,329	Replying to Topic 'SAS group selger .....' 162MSEK... hva er listeprisen på en Q400? håpe __________________ "You cannot call yourself a petrolhead until you've owned an Alfa Romeo" - Jeremy Clarkson

23-11-2005, 09:21	#5
CK ScanFlyer Mile High Club Join Date: Sep 2004 Location: Asker Posts: 11,487	Replying to Topic 'SAS group selger .....' tror ikke nye Q400 er på ønskelisten til Store-Jörgen - konsernet har vel allerede noen Q400 for mye. For to år siden sto det en haug lagret i EXT. Nå er iallefall én hos Royal Jordanian, men noen er vel fremdeles stored, eller?? RolfL?? __________________ Christian H.F. Kamhaug Flypodden.no VOLARE NECESSE EST

23-11-2005, 09:35	#7
CK ScanFlyer Mile High Club Join Date: Sep 2004 Location: Asker Posts: 11,487	Replying to Topic 'SAS group selger .....' eller bare legge ned F50-operasjonene og la det selskapet i Norge som faktisk KAN turopropoperasjoner (hvem kan dét være mon tro) fly med DH3/Q400. Fokkerne er 15 år gamle og jeg tror Pettern skal ha tungt for å overbevise Store-Jörgen om at han trenger noen hundre millioner for å kjøpe nye regional-maksiner til å erstatte Fokkerne.... SAS Braathens er en LCC+ operatør - og bryter hardt med LCC'enes 1. leveregel: ENHETSFLÅTE! __________________ Christian H.F. Kamhaug Flypodden.no VOLARE NECESSE EST

23-11-2005, 10:56	#9
sail4fun ScanFlyer Mile High Club Join Date: Sep 2004 Location: NO Posts: 10,014	Replying to Topic 'SAS group selger .....' Vi vet vel alle hvofor WF ikke fikk overta disse flygningene sist vinter .

23-11-2005, 11:08	#10
Trety ScanFlyer Rusty Join Date: Sep 2004 Location: Drammen Posts: 5,329	Replying to Topic 'SAS group selger .....' Hadde WF fått overta F50-rutene, ville det nok kommet nye Dash'er uten at Jørgen hadde fått blandet seg for mye inn. De kunne vel sånn sett kunne bruke de Q400'ene SAS eventuelt har i opplag? __________________ "You cannot call yourself a petrolhead until you've owned an Alfa Romeo" - Jeremy Clarkson

23-11-2005, 11:10	#11
sail4fun ScanFlyer Mile High Club Join Date: Sep 2004 Location: NO Posts: 10,014	Replying to Topic 'SAS group selger .....' -400'n er vel i overkant store på endel av F50 rutene ?

23-11-2005, 11:23	#13
sail4fun ScanFlyer Mile High Club Join Date: Sep 2004 Location: NO Posts: 10,014	Replying to Topic 'SAS group selger .....' Ja , hadde ikke WF planlagt med +1 eller 2 Q300' ? når dette var et tema sist vinter ?

23-11-2005, 11:53	#14
FlyHi ScanFlyer Crusty Join Date: Oct 2004 Location: Copenhagen / Malmö Posts: 3,975	Replying to Topic 'SAS group selger .....' Såvidt jeg er oplyst er det lige nu ikke overtallige Q400 - faktisk har SAS DK i den seneste tid ofte - uplanlagt - sendt Q400 tomme hjem fra f.eks. Tyskland om aftenen (og aflyst morgenafgangen fra udestationen) fordi de manglede dem i CPH til andre ruter. Desuden har der været store problemer med at få repareret forskellige ikke-vitale ting på dem. F.eks. water-boiler, som i perioder har været ude af drift på næsten alle Q400 samtidigt - men både pga. meget korte turnarounds og stor belastning på flyene har der gået rigtig lang tid før dette er blevet repareret. Dette er samtidig med at man har indsat MD80 på nogle indenrigsture. Hvis man havde overtallighed af disse fly, så burde man nok have indsat dem - istedet for at aflyse utallige afgange til gene for passagererne. __________________ Founder /Editor: FinalCall travel

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