SAS Files For Chapter 11, Initiating Restructuring As Pilot Strike Begins

Victoria Moores July 05, 2022
SAS
SAS CEO and President Anko van der Werff and Chairman Carsten Dilling explain the decision to file for Chapter 11 on July 5.
Credit: Lars Schroder/TT News Agency/AFP/Getty Images
Scandinavian Airlines (SAS) is seeking $700 million in bridge financing to see it through U.S. Chapter 11 bankruptcy protection, after an indefinite pilots’ strike accelerated its decision to pursue voluntary court-led restructuring. SAS had already warned on June 4 that it might use “one or more”...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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