SAS Pilots Say Wideroe Bid Needs Norway Backer to Take 66% Stake

SAS Group employees seeking to purchase the Stockholm-based company’s Norwegian regional arm Wideroe, for which they work, said the proposal requires local backers willing to take a two-thirds stake in the enterprise.

“A lot of people have contacted us and we’re in touch with the big financial houses in Norway,” Ola Giaever, the pilot who is leading the buyout bid, said in a phone interview. “Many investors say ‘yes’ to being part of a company like Wideroe when the employees join in. Those are the signals we’re getting.”