SAS Receives Court Approval for Collective Bargaining Agreements with SAS Scandinavia Pilots’ Unions
SAS AB (“SAS” or the “Company”) announces that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved SAS’ previously announced new collective bargaining agreements as well as a settlement agreement with SAS Scandinavia pilots’ unions*.On July 19, 2022, SAS announced that it had reached new 5.5-year collective bargaining agreements with SAS Scandinavia pilots’ unions, subject to Court approval. The terms of the collective bargaining agreements, as well as the settlement agreement (under which the Company agreed to a general unsecured pre-petition claim of