Rappler's latest stories on SAS airline
SAS will convert some existing bonds into equity as it struggles with the impact of the coronavirus pandemic
The Swedish government is willing to inject up to $534 million into SAS. The Danish government will also contribute to the recapitalization, says the airline.
Scandinavian airline SAS reports a net loss of 3.47 billion kroner (328 million euros, $362 million) in the 2nd quarter of its financial year
'We will appeal any European Commission state aid decisions that discriminate unlawfully between airlines,' says Ryanair
The revolving credit facility of 3.3 billion kronor ($336 million, 308 million euros) is 90% guaranteed by the Swedish and Danish governments
The 5,000 jobs represent about 40% of SAS' workforce