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SAS Warns Pilot Strike Puts at Risk Emergency Bridge Financing

SAS aircraft at Copenhagen Airport.

SAS aircraft at Copenhagen Airport.

Photographer: Carsten Snejbjerg/Bloomberg

Scandinavian carrier SAS AB has warned that emergency funding related to a bankruptcy process in the US is at risk from a pilots strike that entered its 11th day on Thursday. 

The airline, which filed for chapter 11 bankruptcy protection on July 5, remains in talks with potential lenders to obtain debtor-in-possession financing for as much as $700 million as part of the legal process.