SAS gets US court approval for equity solicitation efforts as part of restructure

Scandinavian Airlines (SAS) has announced that the SI Bankruptcy Court for the Southern District of New York has approved its equity solicitation procedures. “Through these procedures, SAS will run a competitive and broad solicitation process to secure the best available terms and conditions for new equity capital,” the carrier announced. “The equity raise process is the key next step in SAS FORWARD, our transformation plan that aims to improve our financial strength, secure long-term competitiveness and fortify our position as Scandinavia’s leading airline,” said president Anko van der Werff. The court’s approval followed SAS in April 2023 saying it had