Category: sas

Witness who Claims IRA men Killed in SAS Ambush Were ‘Psychopaths’ Called a ‘Liar’

June 30, 2023
Northern IrelandProvisional IRAsasUKWorld
0 Comment

BELFAST (via videolink)—An inquest into the deaths of three IRA men killed in an SAS ambush in 1991 has heard them described as “psychopaths” by a former member of the Provisional IRA. But Vincent McKenna was immediately accused of being a “liar” and an “attention seeker” by the family of one of the dead men,…

Read More

Scandinavian Airline SAS Gets US Court Approval for $700 Million Financing

September 10, 2022
apolloBusiness & MarketsCompaniessasU.S. court
0 Comment

Bankrupt Scandinavian airline SAS AB on Friday said it has received U.S. court approval for $700 million of debtor-in-possession (DIP) financing from funds managed by private equity firm Apollo Global Management. The approved credit agreement is a part of the airline’s bankruptcy protection process and its terms will be substantially similar to those announced on…

Read More

Strike-Hit Airline SAS Files for US Bankruptcy Protection

July 5, 2022
airlinebankruptcyBusiness & MarketsCompanieseconomyEuropesasScandinavianUSWorld
0 Comment

STOCKHOLM—Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its financial position and liquidity. Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that adds to travel chaos across Europe as the…

Read More

Airline SAS Shares Hit Record Low as Sweden Says No to More Cash

June 7, 2022
Business & MarketsCompaniesEuropesasSwedenWorld
0 Comment

STOCKHOLM—The Swedish government will not inject new capital into SAS, its industry minister said on Tuesday, dealing a blow to the loss-making airline’s restructuring efforts and sending its shares down 14 percent to all-time lows. SAS said last week a restructuring plan announced in Feburary depended on it raising 9.5 billion Swedish crowns ($968 million)…

Read More