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Airline SAS gets US court approval for $1.2B rescue plan

Air France-KLM among those seeking ownership of Scandinavian carrier

Bloomberg NewsbyBloomberg News
November 22, 2023
in Cargo Airlines
Reading Time: 1 min read
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Airline SAS AB received approval from a bankruptcy court in New York for a $1.2 billion rescue package that will see Air France-KLM and private equity firm Castlelake LP become owners in the Scandinavian flag carrier. The company filed for Chapter 11 bankruptcy protection in July 2022, saying it faced a significant decline in passenger […]

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