SAS Scandinavian Airlines has emerged from bankruptcy with Air France-KLM participating as a major investor

The carrier welcomed its exit from creditor protection after restructuring more than $2 billion in debt. This marks ‘the beginning of a new era for SAS’. The governments of Sweden, Norway and Denmark helped negotiate a complex ownership structure. The airline is now under the ownership of investment firm Castlelake, Air France-KLM, Lind Invest and […]

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