Airlines Denmark to sell its stake in Air Greenland

  • Air Greenland

The Danish Government and the Scandinavian carrier SAS have announced to sell its stake in Air Greenland.

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Air Greenland’s history is closely related to SAS: Greenland’s flag carrier was established in 1960 as Gronlandsfly A/S by Scandinavian Airlines and a Danish mining company. To date, SAS holds 37.5% and the Danish State 25% of the airline's shares.

Now, the Government of Denmark and the Government of Greenland have come to a political agreement in which it is mentioned that the Government of Greenland will look into acquiring the shares owned by the Danish State. Following the political agreement mentioned above, SAS and the Government of Greenland also announce that the Government of Greenland will consider buying the 37.5% stake in Air Greenland owned by SAS. Both acquisitions are subject to necessary approvals from all relevant authorities.

Air Greenland operates flights from its hub Kangerlussuaq Airport to domestic and international destinations. Beside several domestic destinations, Air Greeland offers flights to Iceland’s Keflavik and the Danish capital Copenhagen. The fixed-wing fleet consists of one Airbus A330-200 and seven Bombardier Dash 8 Q200 and one Beechcraft B200 King Air. Additionally, Air Greenland operates a helicopter fleet with eight Bell 212, nine Eurocopter AS350 and two Sikorsky S-61N. Greenland is an autonomous constituent country within the Kingdom of Denmark. With a population of only 55,000 people and an area of 2,1666,000 km², Greenland is one of the least populated countries in the world.

Source © Air Greenland

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