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SAS AB (publ) (SAS.ST)

Stockholm - Stockholm Real-time price. Currency in SEK
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0.0244-0.0002 (-0.81%)
At close: 05:29PM CEST
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  • Reuters

    Airline SAS receives US court approval for bankruptcy restructuring

    U.S. Bankruptcy Judge Michael Wiles approved SAS AB’s bankruptcy restructuring at a court hearing in Manhattan, clearing the airline to move ahead with a restructuring that includes a $1.2 billion investment from a consortium of bidders, including the Danish government. The restructuring will allow SAS to emerge from bankruptcy as "a more competitive and financially stronger airline," SAS attorney Kelly DiBlasi told Wiles at the hearing. SAS, which filed for bankruptcy in July 2022, used its Chapter 11 case to resolve a pilots strike, renegotiate labor agreements, and reconfigure its aircraft fleet, in addition to the financial negotiations, DiBlasi said.

  • Reuters

    UPDATE 1-Airline SAS receives US court approval for bankruptcy restructuring

    Scandinavian airline SAS said on Tuesday a U.S. Bankruptcy Court had approved its Chapter 11 plan of reorganization. U.S. Bankruptcy Judge Michael Wiles approved SAS AB’s bankruptcy restructuring at a court hearing in Manhattan, clearing the airline to move ahead with a restructuring that includes a $1.2 billion investment from a consortium of bidders, including the Danish government. The restructuring will allow SAS to emerge from bankruptcy as "a more competitive and financially stronger airline," SAS attorney Kelly DiBlasi told Wiles at the hearing.

  • Associated Press Finance

    Airplane bumps into fence in third mishap in 2 weeks at Norway's main airport

    A Scandinavian Airlines plane struck a fence at the Oslo airport on Wednesday, causing minor damage to the aircraft and no injuries, the airline said. It was the third mishap in two weeks reported at Norway's main airport. The plane bound for Stockholm was leaving the gate at the airport in Gardermoen when its left wing tip crashed into a railing, Scandinavian Airlines told The Associated Press.