SAS AB Secures $1.2 Billion in Funding through Court-Sanctioned Restructuring
In a strategic move to navigate financial distress, Scandinavian airline SAS AB has successfully obtained U.S. Bankruptcy Court approval for its reorganization plan, backed by investments from klm/" class="link-internal">Air France-KLM and Castlelake LP.
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Sources
US Bankruptcy Court Approves SAS’ Restructuring Plan • Simple Flying
American judge approves SAS’ rescue plan • Aviation24
(DE) New York Court Approves SAS's Bankruptcy Plan • aerotelegraph.com
Airline SAS Wins Court Approval on $1.2 Billion Restructuring • Yahoo Finance
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