Scandinavia’s SAS Files for Bankruptcy Protection in the U.S.
Scandinavian airline SAS has voluntarily filed for chapter 11 bankruptcy protection in the U.S., to try and secure time and flexibility to reorganize its capital structure, reduce costs, and complete a financial restructuring under the supervision of the U.S. court system. SAS expects to complete its court-supervised process in the U.S. in 9-12 months. The airline…
Peden Doma Bhutia | 9 months ago