SAS, a Scandinavian airline, files for bankruptcy protection amid pilot strike

Scandinavian airline SAS AB has filed for bankruptcy protection in the United States, saying a decision by around 1,000 of its pilots to go on strike would worsen its already strained finances, becoming one of the first victims in a recovery chaotic air transport.

The airline said on Tuesday it would continue to operate during the voluntary restructuring process, but the staff walkout would lead it to cancel around 50% of its daily flights. SAS said it expects the Chapter 11 legal process to take between nine and 12 months.


Wj

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