During the period July-October, the 281 legal and financial advisers to SAS’s so-called Chapter 11 process in the USA cost the airline SEK 380 million, writes Dagens industri, which refers to the Norwegian business newspaper Dagens Näringsliv.
On top of that, the 107 advisers who work for SAS’s creditors have taken out SEK 87 million, a total of SEK 467 million, to manage SAS’s financial reconstruction.
But the amounts are in order. The company is in control, according to Louise Bergström, head of the company’s investor relations:
“The specific expertise costs money and the total amount is not higher than expected,” she tells Dagens Näringsliv.