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SAS secured $700 million in DIP financing and unlocked immediate liquidity through an automatic stay, strengthening its balance sheet and enabling operations to continue throughout the voluntary restructuring process.
Transformation Realized
Guiding Scandinavian Airlines to a Smooth Landing After Chapter 11
Transformation Realized
Guiding Scandinavian Airlines to a Smooth Landing After Chapter 11
主要联络人
我们的影响力
SAS avoided significant operating disruptions throughout the filing and met all reporting requirements, including debtor-in-possession (“DIP”) reporting, monthly financial reporting and contractual reporting to regulatory agencies.
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The company negotiated a long-term multinational collective bargaining agreement, generating an annual reduction in labor costs of approximately 20%.
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With sufficient liquidity and a viable path forward, SAS exited Chapter 11 bankruptcy on August 28, 2024, allowing the company to reemerge with reduced debt and new owners.
在危机与变革中，最重要的是你接下来采取的行动。
我们的角色
International bankruptcy and reorganization expertise strategically deployed to meet unique needs
FTI Consulting assisted SAS in quickly and efficiently preparing for a Chapter 11 filing.
Our interdisciplinary experts worked closely with SAS and its advisors to establish contingency plans to avoid any operating disruptions as a result of the filing.
FTI Consulting trained SAS employees on the dynamics of Chapter 11, assisted with all court-required schedules and reporting and helped prepare the company for first-day motions, voluntary petitions and exhibits, and related filings.
Our contract solutions experts provided a thorough contract collection and review to extract critical details needed to meet court-imposed deadlines and organize the contracts for further analysis, in support of the Schedule G filing deadline. This included prioritizing contracts by value, identifying contracts that had or would soon expire and categorizing agreements according to the airline’s numerous global business units.
As the matter progressed, our data and analytics team, using FTI Consulting’s Analytics and Resolution Claims Solution (“ARCS”), supported the claims process to ensure efficient and timely resolution of claims.
Our experts supported SAS with vendor, supplier and internal communications throughout the process to ensure ongoing maintenance of critical operations and share important information.
Awards & Recognition
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Atlas Award: Cross Border Turnaround of the Year (Large)
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有关团队
联络我们
Meredith Brown
Senior Managing Director
Michael Healy
Senior Managing Director
Martin Kuehne
Global Leader of Aviation Business Transformation, Co-Leader of Human Capital
Beau Roy
Senior Managing Director
Gil Jones
Senior Managing Director
Craig Cheng
Managing Director
Shawn Martinez
Managing Director当一切都处于危机之中
富事高咨询 (FTI Consulting) 是全球性的商业咨询机构，致力于服务面临危机和转型的机构。我们的团队由资深专家领导，能够迅速应对复杂情况，提供实际并具建设性的解决方案。
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结合专家知识及行业经验，
在日益复杂的世界中为客户取得真实成果
