SAS called a press conference with the message that the company is applying for bankruptcy protection in the USA, a so-called “chapter student” procedure. In short, this means that SAS can temporarily postpone certain payments. At the same time as the company is carrying out a restructuring.
Pilot union: SAS has failed
For the pilot union, which has just begun its strike, today’s news does not come as a surprise.
– This is something that has been known to us for a long time. It does not affect negotiations per se, but it is clear, SAS is in a vulnerable position and this is because as we see it, they are taking this step because they failed with the financial plan that the management has presented during the spring, says Martin Lindgren, chairman of the pilot union at SAS.
This is what SAS CEO Ank van der Werff tells TV4 Nyheterna about how they should survive – see the player above