Voluntarily restructuring of a listed airline company

Here is the restructuring case of Scandinavian Airline System (SAS), the largest airline in the Nordics. In the end the governments of Norway and Sweden had to step with significant capital in to save the company. The presentation gives a fairly detailed description of how the restructuring will be done. It gives a European perspective on a “voluntarily” restructuring that is fairly different from Chapter 11 under US legislation.

Investor-presentation-Revised-Recapitalization-plan