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 Finnair, Finland's state-owned airline, joined the wave of global airline alliances 
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and signed a wide-ranging cooperation agreement with archrival Scandinavian Airlines System.
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 Under the accord, Finnair agreed to coordinate flights, marketing and other functions with SAS, the 50%-state-owned airline of Denmark, Norway and Sweden.
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 The pact also calls for coordination between Finnair and Switzerland's national carrier, Swissair,
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 with which SAS entered a similar alliance last month.
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 Finnair and SAS said 
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they plan to swap stakes in each other.
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 Neither disclosed details
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 pending board meetings next month.
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 Officials hinted, however, 
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that SAS would take a stake of at least 6% in Finnair,
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 valued at about $40 million at current market prices.
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 Finnair would receive SAS shares 
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valued at the same amount, 
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officials said.
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