Airline News

SAS receives court approval for $700 million in Debtor-in-Possession (DIP) financing

SAS AB has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved SAS’ debtor-in-possession (“DIP”) financing credit agreement for USD $700 million with funds managed by Apollo Global Management. The terms of the DIP financing credit agreement are substantially similar to the terms previously announced by SAS on August

SAS receives court approval for $700 million in Debtor-in-Possession (DIP) financing Read More »

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