STOCKHOLM, Sweden, March 6, 2002 (PRIMEZONE) -- SAS-Spanair:The EU Commision has by a decision of March 5, 2002 approved SAS increased shareholding in Spanair S.A. from 49% to 74%. The decision clears the transaction, which now may be closed and completed.
Gunnar Reitan Executive Vice president & CFO of the SAS group said: "Spanair has a competitive cost position and with this as a platform we will now focus on streamlining network and enhance revenues. The completion of this transaction will ensure the successful execution of Spanair's measures to improve profitability and thus capture Spanair's long term potential."
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