Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans
Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that adds to travel chaos across Europe as the peak summer vacation period begins.That accelerated the airline's decision to file for Chapter 11 bankruptcy protection in the United States, the airline's Chief Executive Anko van der Werff said at a press conference on Tuesday.
Norwegian settles dispute with Boeing and buys 50 737 Max jetsRival Norwegian Air emerged from bankruptcy protection involving courts in Dublin and Oslo last year. "It doesn't mean anything for the normal operations. They are trying to repair the motor while driving," Sydbank analyst Jacob Pedersen told Reuters of the SAS filing."This is happening because SAS hasn't been able to accomplish the changes through negotiations.
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