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Swedish parliament gives nod to SAS debt conversion plan

By:
Reuters
Published: Jun 21, 2022, 13:23 UTC

STOCKHOLM (Reuters) - Sweden's parliament on Tuesday approved a proposal by the government to allow loss-making airline SAS to convert debt borrowed from the state into equity, as part of a process to help rescue the carrier from collapse.

SAS Airbus A320 planes are parked at Copenhagen airport in Kastrup

STOCKHOLM (Reuters) – Sweden’s parliament on Tuesday approved a proposal by the government to allow loss-making airline SAS to convert debt borrowed from the state into equity, as part of a process to help rescue the carrier from collapse.

(Reporting by Anna Ringstrom, editing by Terje Solsvik)

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