• Most Popular
  • Most Shared

UPDATE 1-SAS likely to appeal Norwegian Air court ruling

Tue May 20, 2008 9:12am EDT

Stocks

   

(Combines stories, adds details, share price)

OSLO, May 20 (Reuters) - Scandinavian airline SAS (SAS.ST) is likely to appeal against a Norway court verdict ordering it to pay rival Norwegian Air Shuttle (NWC.OL) 132 million crowns ($26.33 million) in compensation, SAS said on Tuesday.

"It is very likely that we will appeal this verdict," Ola Strand, chief executive of Norwegian unit SAS Norge, said in a statement.

Norwegian had sued SAS for industrial espionage, accusing it of illegally accessing and using its booking data.

The court also ruled that SAS should pay Norwegian Air's legal costs of about 6.8 million crowns in the industrial espionage case, Norwegian said in a separate statement.

SAS has said it had made a mistake but did nothing illegal, and brushed off claims that Norwegian had suffered losses because of its actions.

"SAS has apologised for the disadvantages Norwegian has had related to this case, but we rejected in court that this has led to any financial losses," Strand said.

Shares in SAS fell 1.47 percent in Stockholm to 50.25 Swedish crowns, while shares in Norwegian rose 1.38 percent in Oslo, to 92 Norwegian crowns by 1256 GMT. (Reporting by Aasa Christine Stoltz; editing by Sue Thomas)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article