The company released on Tuesday in his statement He wrote that although bankruptcy proceedings are under way, he will still serve his customers, although the pilots’ strike will also affect the flight schedule. Monday’s wage negotiations between SAS and its pilots failed, causing workers to go on strike: This added to travel chaos across Europe as the summer holidays began.
The airline also announced its desire to speed up the restructuring plan presented in February with its announcement. To this end, SAS and some of its subsidiaries have voluntarily applied for legal action for Chapter 11 financial restructuring under the supervision of the US Federal Court in the United States, which essentially means bankruptcy protection.
In the airline’s opinion, they have sufficient liquidity to meet their commercial obligations in the short term. But in order to attract new investors, it is inevitable to cut costs within the company, which includes employees and charter planes, which have become empty due to the closure of Russian airspace and the slow recovery in Asia.
But he added that the strike has a negative impact on the company’s liquidity and financial position, and if it continues, the impact could become significant.
