SAS Agrees To Sale of Norwegian Regional Subsidiary
SAS Group has agreed to sell its Norwegian subsidiary Widerøe, along with seven Bombardier Q400s that it currently leases, to the regional carrier. (Photo: SAS Group)
SAS Group has agreed to sell its Norwegian subsidiary Widerøe, along with seven Bombardier Q400s that it currently leases, to the regional carrier. (Photo: SAS Group)

Struggling Scandinavian flag carrier SAS has signed an agreement to sell its regional subsidiary Widerøe as part of an ongoing restructuring program to achieve financial stability. SAS will sell 80 percent of Widerøe to Norwegian companies Torghatten ASA, Fjord1 AS and Nordland Fylkeskommune. The sales will include seven Bombardier Q400 turboprops that SAS currently leases to the regional carrier. The transaction must be approved by Norwegian authorities, and is expected to close in September.