Scandinavian Air Ambulance To Become Part of Avincis Group

 - May 7, 2014, 5:50 AM

The Avincis group is to purchase Scandinavian Air Ambulance (SAA) for SEK707 million ($108 million). SAA employs 160 and operates a fleet of 22 aircraft (including 14 helicopters) across Sweden, Finland and Denmark. Under the agreement, SAA founder and CEO Henry Hansen will continue to lead SAA and all Avincis’ emergency services in Scandinavia. Regulatory approvals are expected by the end of next month.