On 5 July 2022, SAS AB and 13 affiliates filed for Chapter 11 protection in the Southern District of New York. Owned 44% by the Kingdoms of Denmark and Sweden, SAS encountered financial turbulence resulting from increased debt, reduced revenue, labour shortages and strikes, common in the aviation industry that has been heavily impacted by the pandemic and struggles to scale back up in 2022.
Originally published in Eurofenix, Autumn 2022.
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