Due to the impact of COVID-19, the in-service fleet in 2020 is expected to fall to 27,370 aircraft—a reduction of 3,200 aircraft compared to 2019.
Scandinavian Airlines (SAS) bondholders have approved the conversions of hybrid notes and bonds into equity, a key step in the airline’s recapitalization that it needs to close to ward off the threat of bankruptcy. The approval paves the way for a major restructuring of SAS’s balance sheet, which...
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