SAS Chief Monetary Officer Erno Hildén mentioned the airline determined to file for chapter after it was unable to acquire concessions from stakeholders comparable to lessors, labor unions and planemaker Airbus. CEO Anko van der Werff had threatened in Could to file for chapter if SAS couldn’t get hold of improved phrases from lessors on its majority-leased plane. The service leased 63 of 100 jets on the time of the Chapter 11 submitting, in response to Hildén’s assertion to a U.S. chapter courtroom.
Hildén added that SAS has not seen company or long-haul worldwide journey rebound as shortly as anticipated after implementing its first pandemic restructuring plan in 2020. The corporate will proceed to function by means of chapter, although. SAS joins carriers comparable to Aeromexico, Philippine Airways and Thai Airways which have filed for chapter for the reason that begin of the pandemic.
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