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Denmark could raise stake in airline SAS to 30%

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Reuters UK

By Stine Jacobsen COPENHAGEN (Reuters) -Denmark is willing to write off debt owed by loss-making airline SAS and to inject more capital along with private investors, Finance Minister Nicolai Wammen said on Friday. The airline’s share price surged 45% as investors welcomed some positive news for the carrier, which is struggling to cut costs while also seeking to prevent a major strike among its pilots. “We imagine to have an ownership share somewhere between 22% and up to 30%,” Wammen told reporters after meeting with members of parliament. Denmark currently owns 21.8% of SAS. “There is a commi…

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