Scandinavian airline SAS has filed for Chapter 11 bankruptcy proceedings in the United States, warning strike action by pilots had impacted its financial position and liquidity.
It said the move was a part of a “restructuring plan”.
Pilots walked out on Monday after negotiations between the unions and the company broke down.
The pilots are protesting against salary cuts demanded by management as part of a restructuring plan aimed at ensuring the survival of the company, which has suffered…