Tag: chapter 11
Air France-KLM to acquire stake in SAS Scandinavian Airlines
It's the surprise announcement of the week: Air France-KLM is about to take a 19.9% stake in SAS with a view to an industrial and commercial partnership. An announcement that naturally raises many questions about the outcome of this...
Why are non-US airlines using Chapter 11?
The famous Chapter 11 allows, in the United States, businesses in difficulty to restructure by sheltering themselves from their creditors. Thus, it was widely used by US airlines in difficulty to regain their health when they were on the...
SAS files for bankruptcy to better reorganize itself
If most of the European airlines came out of the COVID crisis relatively unscathed, mainly thanks to state aid, SAS Scandinavian Airlines is in rather bad shape.
SAS in trouble
As we revealed several weeks ago, the Scandinavian airline, with...
It’s not only airplanes that go to the cemetery: airlines do too
The Mojave Desert has a special place in the hearts of aviation enthusiasts: it is one of the largest airplane graveyards in the world and is home to aircraft retired by airlines every day. Last year, the last Air...