PPRuNe Forums - View Single Post - SAS applies for Chapter 11 in the US
View Single Post
Old 6th Jul 2022, 23:11
  #12 (permalink)  
Captain Planet
 
Join Date: Aug 2007
Location: Sandpit
Posts: 135
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by 1201alarm
https://www.reuters.com/business/aer...es-2022-07-05/

Is that a scare tactic against the striking pilots or is it a diversionary tactic to divert from failed management strategies?

I fail to grasp the applicability of US bancruptcy law to a Scandinavian company. Or am I missing something?
I think this form of restructuring/examinership was coming anyway. SAS has been a disaster from a financial point of view for decades.

The bankruptcy protection and restructuring was going to happen, the strike has just brought it forward. There are some small issues with SAS Connect/Link and wet lease accessing some services at outstations due to the financial situation. This has since been rectified, however.

Captain Planet is offline