For a few hours on Friday, the airline SAS was listed as ”under compulsory liquidation” in the Danish Companies Registry. The reason: A delayed financial statement.

The reason SAS was registered as "under compulsory liquidation" was a late submission of an annual report to the Danish Business Authority, SAS press manager Alexandra Lindgren Kaoukji told Danish TV2 on Friday.

”However, it has no effect on our business or our operations in general,” she said, adding that the annual report has been submitted.

Already on Friday evening, the company was shown as active again in the Danish Central Business Register (CVR).

The Danish Business Authority has not wanted to comment on the specific case to TV2, but states that if a company submits its accounts late, the company will automatically be placed under compulsory liquidation.

SAS's Danish annual report shows that it has not been sent to the Swedish Business Authority within the legal deadline.

”"The company's management can be held responsible for this," it says.

Crisis-stricken SAS is in the midst of a major debt restructuring under bankruptcy protection in the US. The Danish and Swedish states each own 21.8 percent of SAS.

Source: TT-DI.SE