Govt takes full ownership of Air Greenland
The Greenlandic govt has taken full ownership of Air Greenland, after SAS and the Danish govt agreed to sell their shareholdings. The agreement followed “several years of discussions and negotiations,” the govt of Greenland said, adding that it finally found a solution that was “economically justifiable” for the national treasury. SAS confirmed that it will receive US$41.4m for its 37.5% shareholding, resulting in a “marginal capital gain” and ending over 50 years of equity partnership between the two airlines. Air Greenland’s development will be boosted from 2023, when airport-upgrade work is scheduled for completion. Aircraft types able to serve various points in Greenland have historically been limited because of the country’s short runways. Nuuk has a 950-meter runway and Ilulissat is even shorter, at 845 meters. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-31/unaligned/govt-takes-full-ownership-of-air-greenland
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Govt takes full ownership of Air Greenland
The Greenlandic govt has taken full ownership of Air Greenland, after SAS and the Danish govt agreed to sell their shareholdings. The agreement followed “several years of discussions and negotiations,” the govt of Greenland said, adding that it finally found a solution that was “economically justifiable” for the national treasury. SAS confirmed that it will receive US$41.4m for its 37.5% shareholding, resulting in a “marginal capital gain” and ending over 50 years of equity partnership between the two airlines. Air Greenland’s development will be boosted from 2023, when airport-upgrade work is scheduled for completion. Aircraft types able to serve various points in Greenland have historically been limited because of the country’s short runways. Nuuk has a 950-meter runway and Ilulissat is even shorter, at 845 meters. <br/>
