SAS Group and its subsidiaries including Scandinavian Airlines (SAS) has submitted its monthly reports from November 1, 2023 through to May 31, 2024, to the US bankruptcy court for the southern district of New York.
For the period, its consolidated revenues were at $2.18 million, with its net losses at $376 million as of the end of May. Its total assets were at $5.5 million and its total liquidity was at $6.56 million.
The submitted reports are part of the group's voluntary chapter 11 process where the group and its subsidiaries are required to file monthly operating reports.
Weil, Gotshal & Manges is serving as global legal counsel and Mannheimer Swartling Advokatbyra is serving as Swedish legal counsel to SAS. Seabury Securities and Skandinaviska Enskilda Banken are serving as investment bankers. Seabury is also serving as restructuring advisor.
SAS files monthly operating reports with US court
