{"id":295735,"date":"2024-03-20T06:57:00","date_gmt":"2024-03-20T05:57:00","guid":{"rendered":"https:\/\/www.travelreport.se\/?p=295735"},"modified":"2024-03-19T22:28:50","modified_gmt":"2024-03-19T21:28:50","slug":"american-green-light-for-sas-rescue-plan","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/amerikanskt-gront-ljus-for-sas-raddningsplan\/","title":{"rendered":"American green light for SAS rescue plane"},"content":{"rendered":"<p class=\"wp-block-paragraph\">A US judge has given the green light for the airline SAS&#039;s reorganization process under bankruptcy protection under Chapter 11 of the US Bankruptcy Code.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201d&quot;It has been a very complicated process. We still have a lot of work to do,&quot; says the company&#039;s CEO Anko van der Werff after Tuesday&#039;s court hearing, according to the Norwegian business website.\u00a0<a href=\"https:\/\/e24.no\/boers-og-finans\/i\/15gWjQ\/amerikansk-dommer-godkjenner-sas-redningsplan\">E24<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also thanked the participants at the court hearing in New York \u201dand the 11,000 people within SAS<a href=\"https:\/\/www.di.se\/bors\/aktier\/sas-4705\/\">\u00a0<\/a>on behalf of\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most creditors agreed to the rescue plan and Judge Michael E Wiles therefore approved the proceedings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It has been a year and eight months since SAS filed for bankruptcy protection in the US, and the process has taken much longer than expected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are still some approvals to be obtained in Sweden and it is believed that the long legal and financial purgatory for SAS will not be over until June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to Air France-KLM, the investment company Castlelake, together with the Danish state and financier Henrik Lind, will take control of the previously Scandinavian state-controlled airline, if everything goes according to plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transactions that result in the new ownership structure in SAS must also be approved by the European Commission, which is reviewing the constellation for competition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: TT-DI.SE<\/p>","protected":false},"excerpt":{"rendered":"<p>En amerikansk domare har\u00a0gett gr\u00f6nt ljus f\u00f6r flygbolaget SAS rekonstruktionsprocess\u00a0under konkursskydd enligt kapitel 11 i USA:s konkurslag. \u201dDet har varit\u00a0en v\u00e4ldigt komplicerad process. Vi har fortfarande mycket jobb kvar\u201d, s\u00e4ger bolagets vd Anko van der Werff efter tisdagens r\u00e4ttsf\u00f6rhandling, enligt norska n\u00e4ringslivssajten\u00a0E24. Han tackade ocks\u00e5 deltagarna vid domstolsf\u00f6rhandlingen i New York \u201d\u00e5 de 11.000 m\u00e4nniskorna [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":295736,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[179],"tags":[680,85,4204,200,436],"class_list":["post-295735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-flyg","tag-anko-van-der-werff","tag-flyg","tag-raddningsplan","tag-sas","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amerikanskt gr\u00f6nt ljus f\u00f6r SAS r\u00e4ddningsplan &#8211; Travel Report<\/title>\n<meta name=\"description\" content=\"Amerikanskt gr\u00f6nt ljus f\u00f6r SAS r\u00e4ddningsplan \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel 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