Recently, Scandinavian Airlines System (SAS) became the latest airline to file for Chapter 11 bankruptcy protection in the United States. Over the last two years, several airlines have begun Chapter 11 proceedings, including the likes of Avianca, LATAM, Aeromexico, Ravn Alaska, and Philippine Airlines, due to the impact of the COVID-19 crisis. But why do non-US airlines file for this US-based protection?
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