SAS AB confirms restructuring plan

SAS AB has confirmed its reorganisation plan as part of its restructuring proceedings in Sweden. The reorganisation plan includes SAS AB’s debt settlement proposal and proposed resolutions on its issuance of new unlisted shares to the new investors (Castlelake, on behalf of certain funds or affiliates, Air France-KLM, and Lind Invest, together with the Danish state), as well as certain general unsecured creditors that will receive new shares as a recovery on account of their claims, redemption and cancellation of all of the company’s existing common shares. On March 27, 2024, SAS applied for company reorganization in Sweden in accordance