Scandinavian airline SAS exits US bankruptcy proceedings after more than 2 years
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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.

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https://www.nst.com.my/business/economy/2024/08/1098093/scandinavian-airline-sas-exits-us-bankruptcy-proceedings-after-more