The reason why SAS was registered as “under compulsory liquidation” was a late submitted annual report to the Danish authority the Swedish Business Administration, SAS press manager Alexandra Lindgren Kaoukji told Danish TV2 on Friday.
— However, it has no effect on our business or our business in general, she said, adding that the annual report has been submitted.
Already on Friday evening, the company was shown as active again in the Danish central business register (CVR).
The Danish Business Administration did not want to comment on the specific case to TV2, but states that if a company submits its accounts late, the company will automatically be placed under compulsory liquidation.
SAS’s Danish annual report states that it has not been sent to the Swedish Business Administration within the statutory deadline.
“The company’s management can be held responsible for this,” it says.
Crisis-hit SAS is in the middle of a major debt restructuring under bankruptcy protection in the US. The Danish and Swedish governments each own 21.8 percent of SAS.