Airline SAS applies for Chapter 11 in the United States - Printable Version

+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Airline SAS applies for Chapter 11 in the United States (/Thread-Airline-SAS-applies-for-Chapter-11-in-the-United-States)

---

Airline SAS applies for Chapter 11 in the United States - theold - 05-07-2022

https://www.reuters.com/business/aerospace-defense/sas-applies-chapter-11-united-states-2022-07-05/

---

RE: Airline SAS applies for Chapter 11 in the United States - theold - 05-07-2022

On Monday, the SAS pilots' strike began after negotiations between the pilot union and the company stalled.

Today, SAS announces that they are initiating an application for bankruptcy protection in the United States - a so-called chapter 11 process, the company writes in a press release .

https://www.aftonbladet.se/nyheter/a/Ea6o5a/sas-inleder-ansokan-om-konkursskydd

The purpose of the application is for SAS to be restructured. According to the company, there is sufficient liquidity in the company to fulfill the obligations in the short term. However, the strike has negative effects on this, writes SAS.

Travelers will not be affected by the chapter 11 application, the company continues.

SAS expects the court process in the United States to be completed within 9-12 months.

---

RE: Airline SAS applies for Chapter 11 in the United States - cityhantam - 05-07-2022

So, SAS is an American company?

---

RE: Airline SAS applies for Chapter 11 in the United States - Odessy - 05-07-2022

Years ago SQ had the same thing 

So LKY step in and said Changi Airport is what we need 

As for SQ, he gave them 2 hard truth choice

Those pilots kwai kwai returned to work

---