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Sas air carrier in bankruptcy

US Chapter 11 appeal to restructure 1.9 billion dollar debt

Scandinavian Airlines has filed for bankruptcy in recent hours. The decision came at the end of a strike called by its pilots yesterday. In response, the airline's top management announced that it will file for Chapter 11 bankruptcy in the United States, a bankruptcy rule that allows companies to restructure following a major financial failure.The union mobilization, which was joined by 1,000 workers...

Gic - 1245554

AVIONEWS - World Aeronautical Press Agency
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