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SAS sells Widerøe

A Widerøe Dash-8 aircraft at Kirkenes airport in northern Norway.

The largest regional airliner in Scandinavia is sold to a group of Norwegian investors.

Location

The investor group consists of Torghatten ASA, Fjord1 and Nordland County administration. SAS retains a 20 percent share in Widerøe, but keeps the door open to transfer fill ownership of Widerøe in 2016.

Widerøe is the largest regional airline in Scandinavia, with a staff of 1,400 and a turnover of NOK 3.2 billion (€421 million). The company carries around 2.5 million passengers annually and flies to 47 domestic and international destinations, including summer routes. Widerøe has for decades been the largest and most important in northern Norway.

The company operates a fleet of 39 Bombardier Dash-8 turbo-prop aircraft.

SAS says in a press-release that they will receive approximately SEK 2.0 billion (€235 million) in conjunction with the divestment of Widerøe, including the aircraft-related transactions.