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Airline SAS Files for U.S. Bankruptcy Protection as Strike Grounds Flights
Scandinavian airline SAS has filed for bankruptcy protection in the United States to help cut debt, warning strike action by pilots had deepened its financial crisis. (www.aviationpros.com) المزيد...
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Why file here in the US? Why not file in their own country? Do they not have protections there? Why is the US going to take the hit all on its own? Not sure this should be allowed here.
They are based in 3 countries for starters, and none if those countries of Chapter 11 Bankruptcy Protection.
