SAS soars out of bankruptcy

SAS Scandinavian Airlines has successfully emerged from Chapter 11 bankruptcy protectionHailed as a “new era” for the carrier, SAS Scandinavian Airlines has successfully emerged from Chapter 11 bankruptcy protection “as a financially robust company with a strengthened capital structure and with substantial liquidity”. Following two years of reorganisation under the ‘SAS Forward’ plan, the airline has restructured over $2bn of debt, reshaped its fleet and network, and finalised new agreements with key stakeholders and creditors. Following two years of restructuring,