SAS Gets Nod On Ch. 11 Plan With $325M For Creditors

By Alex Wittenberg (March 19, 2024, 5:44 PM EDT) -- Airline holding company SAS AB, the Stockholm-based owner of Scandinavian Airlines, received a New York bankruptcy judge's approval Tuesday for a reorganization plan that will turn over control of the business to investors that collectively agreed to provide $1.2 billion as part of a refinancing deal last year....

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