Here are some relevant quotes;
Press Release, Source: SAS On Tuesday May 10, 2011.
SAS Group Interim Report January-March 2011
SAS has a remaining exposure in Spanair. In the event of Spanair going bankrupt, SAS’s total exposure is SEK 1.8 billion, but with a limited negative liquidity effect of MSEK 200-300. If such an event were to occur, this means that we would still meet our financial preparedness target with a good margin.
Rickard Gustafson President & CEO
The Catalan Government has come to the rescue of the Spanair airline with a new urgent credit of 20 million €. The money has been granted by the Catalan Finance Institute.
The Generalitat Catalan administration has a 26.7% share in the airline, while total public participation is between 35 and 40% as the Fira de Barcelona, Turismo de Barcelona and Catalana de Inciatives are all also shareholders in the company.
Catalan Government spokesman, Francesc Homs, said that the Government wanted to save the company from ‘imminent sinking’, but he warned that there will be no more options for credit until Spanair can show ‘a certain financial stability’.
Spaniar ended 2010 at a loss despite carrying seven million passengers over the year, the company has not wanted to make the size of the loss public, and says it does not expect a return to profit until 2012.
Source Typically Spanish - Spain Business Jan 26, 2011
Note that the extra cash has been known about since January this year, it is not a new event and is being provided by some of the present shareholders in Spanair.
The quote from SAS of last week contains the only reference I can find in that press release regarding Spanair.
This will not be the first thread of this type on this forum regarding an airline's imminent demise, by someone who is an interested party, or works for one and/or has an axe to grind and wishes to see that airline fail.