The post SAS bankruptcy appeared initially on TD (Travel routine Media) Travel Daily.
Scandinavian airline SAS has submitted for personal bankruptcy in the us.
It says the hit action by pilots has actually left it in a precarious budget.
Pay speaks between your airline as well as its pilots broke straight down, causing professional activity.
The airline claims the filing allows the provider to continue running, even though attack has actually terminated approximately 50% of its flights globally influencing about 30,000 individuals just about every day. It will permit the flight to focus on company restructuring plan it revealed earlier in the day this current year.
“To proceed aided by the utilization of key elements of this plan, SAS and specific of its subsidiaries have voluntarily recorded for Chapter 11 in US”, it said.
“This is an appropriate process for financial restructuring conducted under US national courtroom supervision”.
The airline states it has enough liquidity to work for a while.
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