Airline SAS Wins Court Approval on $1.2 Billion Restructuring

-- Scandinavian airline SAS AB won bankruptcy court approval on a debt restructuring funded by a $1.2 billion investment anchored by Air France-KLM and private equity firm Castlelake LP.Musk Says His Ketamine Prescription Is in Investors’ Best Interests

SAS’s plan provides roughly $325 million to unsecured creditors, in the form of cash and roughly 13.6% of the reorganized airline’s equity. A lawyer representing SAS creditors said during Tuesday’s hearing that the airline is better positioned to compete in the market now than it was when it filed Chapter 11 in 2022.Should You Buy BCE Stock for its 8.6% Dividend Yield?

Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case.Saving $1 million for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money.

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