16/11/2023

US Court approves Castlelake’s 32% stake in SAS

US courts have approved a $1.2 billion exit financing deal in Scandinavian Airlines (SAS) by a group of investors including Castlelake, Air France-KLM, Lind Invest, and the Danish state, which will see the lessor become the single largest shareholder in the Scandinavian carrier.

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