A Pilot's Strike Has Crippled The Airline To The Point Of Filing Bankruptcy In The United States

The popular Scandinavian airline SAS has been forced to file for Chapter 11 Bankruptcy in the United States, after the company faced a series of pilot strikes in 2021 and this year.

Under Chapter 11 Bankruptcy, SAS can still operate as an airliner, as the company itself restructures itself and pays off the $756 Million (£632 Million) owed to investors and creditors.

The pilot strike has grounded half of SAS's flights across the globe, and loosing the company millions in revenue.

Strike action was declared after SAS planned to cut salaries, and demands for higher pay to combat the cost of living crisis were rejected.

SAS have issued a statement saying: “Through this process, SAS aims to reach agreements with key stakeholders.

We will restructure the company's debt obligations, reconfigure the aircraft fleet, and negotiate a bailout.

If all of this can be achieved, then SAS will be saved from having to ground flights for the foreseeable future”.