newstodate.aero
Sep 13, 2018 (newstodate): In line with Greenland's wish to become in the end a fully independent country, the Danish state has declared its intention of selling its stake in Air Greenland.
Air Greenland, founded in 1960 as Gr�nlandsfly by SAS and a Danish mining company, is today jointly owned by the SAS Group holding 37.5 percent, the Greenlandic Government, and the Danish Government with 25 percent.
SAS has accordingly declared its intention to sell also its stake in the Greenlandic carrier.
In both cases, the sales of stakes remain conditioned by prior agreement on issues including valuation of the equities.
Since 2009, Air Greenland has been alone in providing flights on the core route connecting Kangerlussuaq in Greenland with Denmark's Copenhagen Airport.
Till late 2002, SAS offered regular all-year round services between Kangerlussuaq and Copenhagen before turning into seasonal services instead.
However, SAS re-entered the Greenland market from Summer 2007, offering seasonal summer flights with two weekly rotations alongside Air Greenland's scheduled daily service, but withdraw fully from summer 2009.
If Air Greenland will become fully independent of SAS after the proposed sales of shares, SAS may consider entering the Greenland market again on own wings in competition with Air Greenland.
Air Greenland, founded in 1960 as Gr�nlandsfly by SAS and a Danish mining company, is today jointly owned by the SAS Group holding 37.5 percent, the Greenlandic Government, and the Danish Government with 25 percent.
SAS has accordingly declared its intention to sell also its stake in the Greenlandic carrier.
In both cases, the sales of stakes remain conditioned by prior agreement on issues including valuation of the equities.
Since 2009, Air Greenland has been alone in providing flights on the core route connecting Kangerlussuaq in Greenland with Denmark's Copenhagen Airport.
Till late 2002, SAS offered regular all-year round services between Kangerlussuaq and Copenhagen before turning into seasonal services instead.
However, SAS re-entered the Greenland market from Summer 2007, offering seasonal summer flights with two weekly rotations alongside Air Greenland's scheduled daily service, but withdraw fully from summer 2009.
If Air Greenland will become fully independent of SAS after the proposed sales of shares, SAS may consider entering the Greenland market again on own wings in competition with Air Greenland.