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.

Subscription Required

 

SAS Files For Chapter 11, Initiating Restructuring As Pilot Strike Begins is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.

LoginLearn How

Related Content

Anko
SAS CEO Fears The Worst As Pilots Begin Indefinite Strike
AA 777 towed
Vendor Issue Briefly Grounds American Airlines Flights
Carbon Analysis: Efficiency Gains Accelerate Among U.S. LCCs
Wizz Air Outlines Bucharest Airports, Poland Expansions
cathay pacific a350
Cathay Group Optimistic About Second-Half Financial Results
Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Commercial Aviation market - only available with AWIN.

AVD_AWIN_270

Stay Connected.
Stay Informed.
Grow Your Business.

Learn How