![]() § 41712 and 14 CFR Part 259, assesses the carrier $750,000 in civil penalties, and dismisses the formal complaint. This order directs SAS to cease and desist from future similar violations of 49 U.S.C. The effectiveness of this consent order is subject to the entry of an order of the Bankruptcy Court approving SAS’s entry into the consent order and the terms hereof, as set forth in more detail in ordering paragraphs 5 through 8 of the “Decision” section below. On July 5, 2022, SAS AB and certain of its subsidiaries, including SAS (collectively, the “SAS Debtors”), commenced voluntary cases under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), captioned SAS AB, et al., Case No. The airline, which is part-owned by the governments of Sweden and Denmark, estimated the strike would lead to the cancellation of around 50 of scheduled SAS flights and impact around 30,000. Given these facts, OACP is of the view that SAS subjected thousands of consumers to extreme delay in making refunds available for flights to and from the United States that the carrier cancelled. It appears that thousands of refund requests took over 100 days to process. The airline has received thousands of additional complaints and refund requests directly from passengers. Since March 2020, the Department has received over 700 informal complaints and one formal complaint1 alleging that SAS failed to provide refunds after cancelling or significantly changing consumers’ flights to or from the United States. Department of Transportation’s Office of Aviation Consumer Protection (OACP) has determined that, during the COVID-19 pandemic, Scandinavian Airlines System Denmark-Norway-Sweden (SAS) routinely failed to provide timely refunds to passengers for flights to and from the United States that the carrier cancelled or significantly changed in violation of 49 U.S.C. ![]() ![]() En primer lugar, consulte nuestras preguntas frecuentes. The new state-of-the-art aircraft will give our customers a more pleasant, comfortable and sustainable way. Existen varios métodos para contactar con nosotros según la naturaleza de su consulta. Scandinavian Airlines Connect Ltd, also known as SAS Connect, and previously SAS Ireland, is a subsidiary of Scandinavian Airlines (SAS), and by extension SAS Group. The new aircraft have 1530 lower fuel consumption, compared with the aircraft they replace. The recapitalisation results in a dilution of about 95%, it adds.The U.S. SAS continues to bring in new and fuel-efficient aircraft and has one of Europe’s most modern fleets. “Through the recapitalisation plan, SAS converts SKr 2.25 billion of debt to equity, raises proceeds corresponding to approximately SKr12 billion before issue costs, and hence restores equity by an amount corresponding to SKr14.25 billion,” states the airline. In addition, SAS also has major hubs at Stockholm Airport and Oslo Airport allowing connections to many. The airline is headquartered in Solna, Sweden, with their main hub located in Kastrup Airport, Copenhagen. Denmark and Sweden previously held respective stakes of 14.2% and 14.8%. Scandinavian Airlines or SAS is the flag carrier of Sweden, Norway and Denmark and is currently the largest airline in Scandinavia. Just over 1.7 billion shares were issued to the Danish and Swedish governments, giving each a 21.8% stake in the carrier. The remaining bonds were converted into new hybrid notes in an aggregate amount of SKr1.6 billion. SAS says in a 23 October statement that its SKr2.25 billion debt-to-equity conversion plan to holders of unsecured bonds due in November 2022 resulted in 56.44% of the offered shares being subscribed for. The airline later revised the conversion terms and said there would be increased interest payments for hybrid notes placed with the Swedish and Danish governments.
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