In an attempt to shore up cash, Scandinavian Airline Systems is to dispose most of its Wideroe unit. 80% of the shares are to be sold to a group of investors, with an option to sell the final 20% of Wideroe in 2016. For SAS it's the best of both worlds - it gets the cash from the sale, whilst maintaining links with Wideroe to provide regional services. The sale is valued … [Read more...]