The European Commission has found that the Danish and Swedish states' participation in SAS's restructuring process is compatible with applicable EU state aid rules. The approval is another important step forward for SAS's transformation plan and ongoing restructuring proceedings.
The entry into force of SAS's Chapter 11 plan remains dependent on the fulfillment of various conditions, including various regulatory approvals and the successful implementation of SAS AB's corporate restructuring in Sweden.
Information about SAS's Chapter 11 process in the US and SAS AB's corporate restructuring in Sweden
Further information about SAS's voluntary Chapter 11 process in the US and SAS AB's corporate restructuring in Sweden is available on SAS's dedicated restructuring website, https://sasgroup.net/transformation. US court documents and other documents related to the Chapter 11 process in the US are available on a separate website administered by SAS's claims agent, Kroll Restructuring Administration LLC, at https://cases.ra.kroll.com/SAS.
