(Finance) – The US bankruptcy court approved the investment of 1.2 billion dollars in favor of the carrier SASannounced by consortium led by Castlelake, which includes Air France-KLM, Lind Invest and the Danish State. This pronunciation allows you to proceed towards exit from Chapter 11.
Anko van der Werffpresident and CEO of the Scandinavian airline, commented that he considered the investment agreement approved by the court to be one fundamental stage of our Sas Forward plan. The transaction involves a total investment in SAS amounting to 1.2 billion dollarswhich include $475 million in new unlisted equity and $725 million in secured convertible debt