STOCKHOLM/MADRID Troubled Scandinavian airline SAS said on Thursday it had signed a preliminary deal to sell a majority stake in its loss-making Spanair unit to a Spanish investor group, the latest step in a multi-pronged turnaround effort.
MADRID Spanish construction and services group Ferrovial (FER.MC) has sold a 50 percent stake in Bristol airport to Australian business partner Macquarie MBL.AX, the firm said on Thursday, confirming an earlier Reuters report.
Ferrovial, which bought British airport operator BAA this year, will receive around 158 million euros ($209 million) for the stake, it said in a statement.
Ferrovial had already agreed to sell its stakes in Sydney and Bristol airports to Macquarie.
Ferrovial also said it had extended the period in which it can sell its 21 percent stake in Sydney airport to Macquarie.
Pentair, Ingersoll warn conditions worsening
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Embraer sees credit crunch hitting 2009 jet orders
SAO PAULO Brazil's Embraer , the world's third largest commercial jet maker, expects aircraft orders to decline in 2009 as credit dries up because of the global financial crisis, Chief Executive Frederico Curado said on Thursday.