![]() ![]() SAS said in late May 2022 that it needed a new capital injection of SEK9.5 billion kronor (USD911 million). The embattled carrier said on April 6 that it had initiated “a process to solicit equity investment in the reorganised SAS” as part of the Chapter 11 proceedings, whereby “potential investors can place bids to take a lead position or be paired with other investors in acquiring equity interests” of the airline. Retrieved 10 November 2022.SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has triggered an attempt to raise equity financing while admitting that there will be little recompense for the debts incurred to existing creditors when it emerges from its Chapter 11 bankruptcy proceedings in the United States. ^ "Latest Register and Monthly Changes".^ "SAS to launch Connect, Link brands in 1Q22"."SAS to introduce new Connect and Link operating arms at Copenhagen". ^ Kiminski-Morrow, David (30 November 2021).^ "SAS to launch two new subsidiaries".^ "Q2 2021 - A QUARTER DOMINATED BY THE ONGOING PANDEMIC - SAS"."Scandinavian airline's Irish subsidiary to lay off 80 crew in Spain". "Kanselleringskaos i SAS: Piloter tviler på Irland-prosjekt (Norwegian)". "Scandinavian Airlines Ireland Delays Launch". "Aviation recruitment firm creates 80 new jobs as part of Irish expansion". ![]() "Why Scandinavia's SAS Is Creating a New Airline With the Same Name in Ireland". "SAS Irish subsidiary to begin flights in November".
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