Scandinavian Airlines files for bankruptcy in US as 1,000 pilots walk-out
Scandinavian Airlines on Tuesday filed for bankruptcy in the United States, warning a walkout by 1,000 pilots a day earlier had put the future of the carrier at risk.
The move adds to the likelihood of travel chaos across Europe as the summer vacation period begins.
The Stockholm-based SAS airline group said it had “voluntarily filed for Chapter 11 in the U.S., a legal process for financial restructuring conducted under U.S. federal court supervision.”
Filing for Chapter 11 in New York puts civil litigation on hold while the business reorganizes its finances.
