Swedish Minister for Enterprise and Energy Maud Olofsson said the government intended to take part in the rights issue so that the state continues its present share ownership in the airline.

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At present the state banks are subject to a 49% ceiling on private ownership (with no more than 20% allowed to be in foreign hands).

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At present, airlines are often prevented from doing this because of complex national ownership rules, most of which are designed to prevent competition from foreign airlines.

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Just as the price of a share should equal the discounted present value of future profits, so the price of a house should reflect the future benefits of ownership either rental income or the implicit rent saved by an owner-occupier.

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Just as the price of a share should equal the discounted present value of future dividends, so the price of a house should reflect the future benefits of ownership, either as rental income for an investor or the rent saved by an owner-occupier.

ECONOMIST: Global house prices

Just as the value of a company's shares should equal the discounted present value of its future profits, so the price of a house should reflect the future benefits of ownership, either as rental income or in the rent saved by an owner-occupier.

ECONOMIST: Global house prices