newstodate.aero
Feb 19, 2007 (newstodate): The SAS Group has decided to sell its entire holding in SAS Flight Academy Holding to STAR Capital Partners.
The transaction is expected to close in February 2007.
In conjunction with the transaction, SAS has entered into a service agreement with Flight Academy regarding aviation training.
-The SAS Group has been an excellent owner of Flight Academy and enabled us to achieve a leading position in Northern Europe. Our new owner can ensure that we continue to grow in Northern Europe and in adjacent markets as an independent provider of aviation training services, says Olof Barve, Flight Academy CEO.
Flight Academy's services are offered at its four training centres in Stockholm, Oslo, Copenhagen and Riga.
The transaction is expected to close in February 2007.
In conjunction with the transaction, SAS has entered into a service agreement with Flight Academy regarding aviation training.
-The SAS Group has been an excellent owner of Flight Academy and enabled us to achieve a leading position in Northern Europe. Our new owner can ensure that we continue to grow in Northern Europe and in adjacent markets as an independent provider of aviation training services, says Olof Barve, Flight Academy CEO.
Flight Academy's services are offered at its four training centres in Stockholm, Oslo, Copenhagen and Riga.