SAS AB applies for company reorganization in Sweden – operations continue as normal
SAS AB announces that it has today applied for company reorganization (Sw. företagsrekonstruktion) in Sweden. The opening of the proceeding is subject to approval by the Stockholm District Court. The application is made only in relation to the listed parent company of the SAS Group, SAS AB, and not any subsidiaries or the airline as such. SAS’ operations and flight schedule will remain unaffected by the reorganization proceeding and SAS will continue to serve its customers in the ordinary course throughout this process.On March 19, 2024, the U.S. Bankruptcy Court for the Southern District