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.
Scandinavian Airlines System
Bombardier displayed its determination to cement the credibility of the new CSeries narrowbody last Thursday during a formal unveiling of the program’s first flight-test vehicle (FTV1) at its factory in Mirabel, Quebec. In the process, it issued a bold challenge to Boeing and Airbus with the launch of a higher-capacity CS300, capable of carrying as many as 160 passengers.
SAS’s conciliation with the last of its eight main labor unions in late November allows the Scandinavian carrier to move ahead with the sale of its Wideroe regional subsidiary as part of its “4Excellence Next Generation” restructuring.
Ailing Scandinavian carrier SAS will reduce its workforce by 6,000 employees, sell off its Widerøe regional subsidiary and centralize administrative functions in Sweden in return for an increased credit line from major shareholders and banks of 3.5 billion Swedish kronor ($525 million) through March 2015. The new revolving credit facility has yet to be approved by the parliaments of Sweden and Norway.
An emergency Airworthiness Directive issued by Transport Canada yesterday calls for further inspection of Bombardier Q400 main landing gear (MLG) after line checks uncovered two cases of cam mechanism failure in the gear's alternate extension system (AES). The cam mechanism operates the cable to open the main landing gear door and releases the MLG uplock in sequence.
Qantas removed from service five of the 21 Bombardier Q400s operated by regional affiliate QantasLink in late August after the airline found a defect in what it described as a main landing-gear component. Qantas said it decided to inspect the airplanes and ultimately remove them from service after consultation with fellow Q400 operator Flybe and Bombardier.
Rockwell Collins, as a member of a consortium of industry partners led by Swedish air navigation service provider Luftfartsverket (LFV), has been awarded an active roll in the Atlantic interoperability initiative to reduce emissions (Aire) project, also known as Green Connections. The consortium includes partners LFV, Swedavia, SAS Scandinavian Airlines System, GE Aviation and Rockwell Collins.
Scandinavian Airlines (SAS) has settled with Bombardier and Goodrich Aerospace the terms of a compensation agreement stemming from the airline’s grounding of its entire fleet of 27 Q400s last year. Although it would not disclose the precise conditions, SAS said the value of the compensation it will receive slightly exceeds 1 billion Swedish crowns ($163.5 million) in cash and credits for future firm and optional aircraft orders.
The European Aviation Safety Agency last month determined that the failure of the main landing gear of a Scandinavian Airlines Q400 on October 27 did not result from a design flaw, and that the latest incident bore no direct relationship with the two earlier cases that led to the grounding of the airline’s entire fleet of 74-seat turboprops.
European Airlines have announced plans to link Dubai nonstop to Scandinavia and by business-class-only service to the UK and the U.S. Unlikely though it might seem, no UAE carrier currently provides nonstop service to the Nordic region. Now, a European operator has met that challenge from the other end of the route: Scandinavian Airlines (SAS) this month launched three-times-weekly flights from the Danish capital Copenhagen to Dubai.