SAS provides update on chapter 11 process, including financial ...
WEBJan 23, 2024 · SAS announces that it will file an amended chapter 11 plan of reorganization (the “Chapter 11 Plan”) and related disclosure statement (the “Disclosure Statement”) with the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) today, which documents will include, among other things, key milestones for the chapter ...
Scandinavian airline SAS hails 'new era' as exits US bankruptcy …
WEBAug 28, 2024 · SAS sought bankruptcy protection in July 2022 after years of struggling with high costs and low demand, leading to a court-approved plan making Air France-KLM, hedge fund Castlelake, investment...
SAS slides 95% as Scandinavian airline's shareholders wiped out
WEBCOPENHAGEN, Oct 4 (Reuters) - SAS shares slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new...
Airline SAS receives US court approval for bankruptcy restructuring
WEBMarch 19 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday a U.S. Bankruptcy Court had approved its Chapter 11 plan of reorganization.
Scandinavian airline SAS files for bankruptcy as pilots strike - CNN
WEBJul 5, 2022 · Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its...
SAS, the Scandinavian airline, files for bankruptcy protection …
WEBJul 5, 2022 · A day after its pilots went on strike, SAS, the Scandinavian airline, said on Tuesday that it had filed for Chapter 11 bankruptcy protection in the United States, the latest reverberation in...
Scandinavian airline SAS wipes out shareholders as part of …
WEBOct 3, 2023 · Scandinavian airline SAS is wiping out existing shareholders as part of a rescue deal that involves bigger rival Air France-KLM and private equity firm Castlelake becoming new investors...
SAS files for bankruptcy protection as pilot strike grounds flights
WEBJul 5, 2022 · Scandinavian Airlines has filed for bankruptcy protection as it warned a crippling pilots’ strike was deepening its long-running financial troubles. SAS filed for protection in the US on...
Scandinavian airline SAS clashes with striking pilots over U.S ...
WEBJul 5, 2022 · Scandinavian airline SAS has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, piling pressure on striking pilots it blames for deepening its financial...
Airline SAS gets US court nod for $1.2 bln investment lifeline
WEBNov 21, 2023 · Scandinavian airline SAS said on Tuesday it received U.S. bankruptcy court approval for 13.2 billion Swedish crowns ($1.3 billion) investment agreement with a consortium of Castlelake, Air...
Skip to content