SAS gets US court approval for investment from consortium led by Castlelake, Air France

Sas AB

21/11/2023 21:38

Nov 21 (Reuters) - Scandinavian airline SAS  SAS.ST 
said on Tuesday it received U.S. bankruptcy court approval for
the airline's entry into an investment agreement with the
winning bidder consortium of Castlelake, Air France-KLM
 AIRF.PA, , Lind Invest ApS and the Danish state. 
    The company also received final court approval for its new
debtor-in-possession financing credit agreement with U.S.-based
Castlelake for 5.5 billion Swedish crowns ($523.87 million)
($1 = 10.4988 Swedish crowns)

 (Reporting by Urvi Dugar in Bengaluru
Editing by Chris Reese)
 ((UrviManoj.Dugar@thomsonreuters.com;))