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RTR: SAS files for Chapter 11 bankruptcy in the US

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REUTERS reports:

STOCKHOLM, July 5 (Reuters) ? Scandinavian airline SAS (SAS.ST) has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, piling pressure on striking pilots it blames for deepening its financial woes and sending its shares down 10%.

Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that adds to travel chaos across Europe as the peak ...

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