SAS transfers operations at line stations in Norway to Widerøe

In line with the letter of intent signed in June 2015, SAS and Widerøe have agreed to transfer the operations at all of SAS Ground Handling’s line stations in Norway to Widerøe Ground Handling (Widerøe). SAS Ground Handling’s operations at 14 line stations in Norway will be transferred to Widerøe on February 1. The transfer corresponds to approximately 850 full-time positions and the takeover of existing agreements for equipment and premises, as well as handling contracts. The transaction is being conducted as an operations transfer, meaning that the transaction in itself will have no significant impact on SAS’ earnings. Following the transfer, SAS will purchase ground services from Widerøe Ground Handling as an external service and the parties have entered into a five-year contract for these services.