SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has announced it has completed its restructuring proceedings and emerged from both Chapter 11 bankruptcy protection in the United States and Swedish company reorganisation with an improved capital structure following an exit financing transaction of USD1.2 billion from its new owner consortium.

The company said in a statement on August 28 that the transaction included USD475 million in new unlisted equity and USD725 million in secured convertible debt. The restructuring…

Source: ch aviation
Read more: SAS exits US Chapter 11, Swedish reorganisation