SAS Scandinavian Airlines (SK, Copenhagen Kastrup) expects to emerge from Chapter 11 bankruptcy protection by mid-2024 now that the US Bankruptcy Court in New York has greenlit the carrier’s restructuring plan.

Despite this approval, on March 19, the plan’s execution still hinges on meeting several conditions, including regulatory nods and restructuring SAS AB at the Swedish company level, the airline said in a statement.

It also underscored that subordinated creditors and current SAS shareholders would…

Source: ch aviation
Read more: US bankruptcy court greenlights SAS Chapter 11 exit plan