Subscribe to Premium
Subscribe to Premium
Advanced Search
+

RTR: SAS files for Chapter 11 bankruptcy in the US

dreamstime_xs_140522739
Photo 140522739 / Air © Richair | Dreamstime.com
By

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 ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Bankruptcy Blues SAS Deben Transport

    Most Read

    More blank sailings on the cards as ocean spot rates continue to tumble

    Dock strike at Felixstowe 'inevitable', after last-ditch pay talks break down

    China trade surplus under threat as peak season collapses and demand cools

    Rhine closure imminent as low water hobbles freight movement by barge

    Rant radar: Here's the 'go to hell' message to forwarders

    Rhine closes to barge traffic, with water depth set to hit record lows

    Port congestion driving more shippers to China-Europe rail and road options

    Air cargo industry still eyeing a peak season, despite losing in-cabin capacity

    Chinese firms' development plans for ports will heat up East Africa competition

    Outlook for airfreight darkens, but 'the sky's not likely to fall in'

    M&A radar: MSC (vs Mærsk) – a bit Amazon, a bit UPS. With an eye on Schenker...

    DHL GF expands its African footprint with Ethiopia Airlines JV

    Automation becoming integral to supply chains

    FMC 'compensation for shippers' plan will push carriers to return boxes

    Air cargo pays tribute after the loss of 'one of its greats' – Chris Foyle

    Against the odds: Wonderful illusion – 'United' DSV & CH Robinson