The Limited Times

Now you can see non-English news...

Sas: bankruptcy after strikes, uses Chapter 11 in the USA

2022-07-05T15:05:36.293Z

The Scandinavian company SAS declares bankruptcy the day after the strike of its pilots and in the United States resorted to Chapter 11, assisted bankruptcy, to restructure. The same company has announced it, according to Bloomberg reports. Yesterday 1. (ANSA)



ANSA Lavoro - ROME, 05 JUL - The Scandinavian company Sasdeclares bankruptcy the day after the strike of its pilots and is resorting to Chapter 11, assisted bankruptcy in the US, to restructure.

The same company has announced it, according to Bloomberg reports.

Yesterday 1,000 airline pilots went on strike and today SAS had to cancel 78% of departures, equal to 236 flights.

The Chapter 11 procedure is accessible to companies that have assets and businesses in the United States and allows them to continue operations while they are undergoing restructuring.

The Group aims to cut a debt of 1.9 billion dollars.

(HANDLE).


Source: ansa

All life articles on 2022-07-05

You may like

Life/Entertain 2022-07-05T15:05:36.293Z
News/Politics 2022-07-14T07:38:13.692Z

Trends 24h

Life/Entertain 2022-08-13T10:15:44.811Z
Life/Entertain 2022-08-13T10:10:20.981Z

Latest

© Communities 2019 - Privacy