The money is flowing the wrong way for SAS in their struggle to be bought

Now instead of receiving money from the winning bidders SAS want to pay them 3 million dollars with no guarantee of the money in the winning bid ever materialising. 

Isn't this the way all scams starts. You are promised a high sum but there is some administrative costs that have to be paid up front and for some reason they who sit on the millions, or in this case billions, they have promised you can't afford to pay this so you have to.

There is certainly a lot of money flowing from SAS to new prioritised creditors like lawyers and consultants these days. What do other creditors feel about that. Hopefully the ch11 judge will stop this particular scam on behest from Apollo who have provided the financing for getting SAS through the process but did not get their bid for the company approved as the winner by the SAS management.

The winning bidders have neither signed a binding agreement nor provided a chapter 11 plan. There seeems to be so many exceptions and other limitations from them that many now be wondering if the money to save SAS will ever come forward. After all Air France KLM are themselves underwater in their finansing.

 

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