SAS Group’s planned reorganisation proceedings in Sweden has been approved by the Stockholm District Court on July 19, 2024. As a result, the company has applied for delisting from Nasdaq stock exchanges in Stockholm, Copenhagen, and Oslo. All of the company’s existing common shares and listed commercial hybrid bonds will be redeemed and cancelled as part of its emergence of the restructuring process. The plan also includes a significant change to the company’s capital structure through the issuance of new unlisted shares to Castlelake, Air France-KLM, Lind Invest, and the Danish State, alongside certain general unsecured creditors who will receive
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