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SAS in talks about its component business

May 9, 2005 14:54

SAS Group is currently in the process of evaluating the future structure and strategy of SAS Component, a global operator in the area of aircraft component management and logistics. This includes negotiations with an international consortium on a possible partnership or acquisition. SAS Component is a subsidiary of SAS Technical Services.

The aviation component business is a growing high technology industry within the aviation sector. Companies within this area develop high quality services for the airline industry in the maintaining and logistics of aircraft components, from flight deck instruments to landing gears.

Several airlines have in recent years decided to enter into partnerships with firms specialized in this line of business, or to divest of their component businesses, in order to create a better platform for profitable development. In this context, the SAS Group has ongoing discussions with interested parties. No decisions have been made at this point in time, but conclusions from the evaluation and the talks are likely to be drawn before the end of June.

For further information, please contact
Hans Ollongren, SVP Corporate Communications and External Relations, SAS Group, +46 8 797 1950

SAS Group Corporate Communications

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