Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

COPENHAGEN, Denmark (AP) — Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday. The deal means…

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

COPENHAGEN, Denmark (AP) -- Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased.

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was prese…

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

COPENHAGEN, Denmark (AP) — Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday. The deal means…

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased