NEWSSep 14, 2022New York Court Approves $700 million in Additional Funding for SAS SAS (Scandinavian Airlines System), the Scandinavian flag carrier, officially secured the essential funding to continue operation. A United States Bankruptcy Court for the Southern District of New York approved financing for the airline of over 700 Million USD. The Debtor-in-Possession (DIP) agreement's terms are almost identical to the ones SAS announced on August 14, 2022, with the financing credit agreement managed by Apollo Global Management. Read More →
