SAS promises full repayment to Norwegian creditors 

Photo: Beate Oma Dahle / NTB

SAS promises to pay its Norwegian suppliers of goods and services everything they owe them.

When SAS applied for bankruptcy protection in the USA on July 5, the airline owed the state company Avinor NOK 141 million. 

Just over a year ago, Avinor lost around NOK 150 million as an unsecured creditor of Norwegian, the newspaper Aftenposten writes.

But unlike at that time, SAS has now paid Avinor what they owed as of July 5. According to SAS, smaller, unsecured Norwegian creditors also have no reason to fear.

SAS received approval from an American judge last night to take out an expensive loan of USD 700 million. The first 350 million will be paid out immediately.

“This means that our suppliers in Norway will be paid as normal,” Kjetil Håbjørg, CEO of SAS Norway, stated.

He also confirmed that all unsecured Norwegian creditors would receive full payment.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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