Scandinavian airline SAS exits US bankruptcy proceedings after more than 2 years
==========
SAS exits Chapter 11 bankruptcy on August 28, 2024; restructured over $2 billion in debt; new ownership includes Air France-KLM, Castlelake, Lind Invest, and the Danish government; wiped out stakes of over 250,000 former owners; $1.2 billion total investment in reorganized group; $475 million in new unlisted equity and $725 million in secured convertible debt; recorded highest-ever monthly profitability in July 2024; CEO Anko van der Werff emphasizes ongoing transformation.
#Sas #Bankruptcy #Restructuring #Aviation #Finance #Ownership #AirFranceklm #Norway #Ceo #Profitability
https://www.nst.com.my/business/economy/2024/08/1098093/scandinavian-airline-sas-exits-us-bankruptcy-proceedings-after-more
New Straits Times /
npub1da…x087j
2024-08-29 00:58:08
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-08-29 00:58:08Event JSON
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"content": "Scandinavian airline SAS exits US bankruptcy proceedings after more than 2 years\n==========\n\nSAS exits Chapter 11 bankruptcy on August 28, 2024; restructured over $2 billion in debt; new ownership includes Air France-KLM, Castlelake, Lind Invest, and the Danish government; wiped out stakes of over 250,000 former owners; $1.2 billion total investment in reorganized group; $475 million in new unlisted equity and $725 million in secured convertible debt; recorded highest-ever monthly profitability in July 2024; CEO Anko van der Werff emphasizes ongoing transformation.\n\n#Sas #Bankruptcy #Restructuring #Aviation #Finance #Ownership #AirFranceklm #Norway #Ceo #Profitability\n\nhttps://www.nst.com.my/business/economy/2024/08/1098093/scandinavian-airline-sas-exits-us-bankruptcy-proceedings-after-more",
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