Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
© Joost De Graaf |
By Alex Lennane
It feels like SAS has always struggled. And it is again. Yesterday it filed for Chapter 11 bankruptcy in the US to help cut its debt, after wage negotiations with its pilots fell through. The bankruptcy protection would enable it to restructure its finances, it said. Reuters has the full facts of the case.
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