SAS Receives Court Approval For $700M Bridging Loan

SAS Airbus A320neo
Credit: Rob Finlayson
A New York bankruptcy court has approved Scandinavian Airlines’ (SAS) $700 million debtor-in-possession financing, which is being provided by U.S.-headquartered Apollo Global Management. SAS president and CEO Anko van der Werff said the court’s decision marks “important progress” in the airline’s...

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