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SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring

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SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring

Scandinavian airline SAS secured an investment agreement with a consortium for restructuring aid of 13.2 billion Swedish crowns ($1.21 billion), with a loan from Castlelake replacing its previous debtor-in-possession financing by Apollo Global Management , the carrier said on Saturday.

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SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring

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SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring

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