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Search resuls for: "Van Der Werf"


6 mentions found


☆ SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring
  + stars: | 2023-11-04 | by ( ) www.reuters.com   time to read: +2 min
The tail fin of a parked Scandinavian Airlines (SAS) airplane is seen on the tarmac at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. The winning bidder consortium which also includes Air France-KLM (AIRF.PA), Lind Invest ApS and the Danish state, increased its proposed investment by $25.26 million. The airline's credit agreement for $505.25 million with Castlelake will be used to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, according to the statement. SAS's chief executive, Anko van der Werff, said: "By entering into this investment agreement, SAS is taking the next step in its Chapter 11 process in the U.S."The company now seeks U.S. Court approval of the investment agreement and the new debtor-in-possession financing as soon as possible in November. Castlelake and Lind Invest did not immediately respond to a request for comment.
Persons: Andrew Kelly, Lind, Castlelake, Anko van der Werff, Gursimran Kaur, Emelia Sithole, Philippa Fletcher, Ira Iosebashvili, Matthew Lewis Organizations: Airlines, SAS, Copenhagen, REUTERS, Scandinavian, Castlelake, Apollo Global Management, Air France, KLM, Lind Invest ApS, Air, U.S, Apollo Global, Lind Invest, Thomson Locations: Copenhagen, Denmark, Danish, Air France, U.S, United States, Bengaluru
☆ Getting an MBA is still worth it—the 10 business schools that pay off the most right away
  + stars: | 2023-08-03 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com   time to read: +2 min
Earning a master of business administration degree can come with a hefty price tag, with top schools ranging from $50,000 to $80,000 per year. For professionals seeking to advance their careers, many may wonder: Is an MBA worth it? The report investigated the economic value of the most popular degree programs, ranking the value of 5,500 business programs at more than 1,700 colleges. For those looking to pursue advanced business studies, here are the top 10 MBA programs that pay off the most right away. Some well-known schools, such as Harvard Business School, didn't earn top spots in the ranking, due to low median earnings.
Persons: Martin Van Der Werf, Van Der, Van Der Werf, didn't Organizations: Georgetown University Center, Education, CNBC, MBAs, Georgetown University, Harvard Business School
☆ Focus: P&G drops forest pledge, drawing ire of green groups, investors
  + stars: | 2023-07-26 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products | ) www.reuters.com   time to read: +6 min
The change drew the ire of several P&G investors. Its new forestry policy could put it at odds with a European Union deforestation law coming into effect in about 18 months banning certain goods linked to deforestation and forest degradation. "Our ongoing efforts to keep forests as forests while continuing to serve consumers with superior-performing products, all of those efforts remain unchanged." In its new forestry policy, P&G, which also makes Tide detergent and Dawn dish soap, consolidates existing guidelines for paper packaging and palm oil, used throughout its portfolio of products. The NRDC late last year filed a complaint with the U.S. Securities and Exchange Commission (SEC) to evaluate if P&G's claims that it prohibits forest degradation were materially misleading investors.
Persons: Leslie Samuelrich, Jack McAneny, McAneny, Elrod, Gaurav Madan, Madan, Shelley Vinyard, Vinyard, Peter van der, Jessica DiNapoli, Aurora Ellis Organizations: YORK, Procter, Gamble, Green, Funds, Reuters, Commodities, United, Food, Agriculture Organization, BNP, Asset Management, Natural Resources Defense, BlackRock, Street, UBS, Legal, General, Natural Resources Defense Council, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Cincinnati, Latin America, Europe, Canada, U.S, Robeco, New York
☆ Sweden's SAS receives US court approval for equity bid
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +1 min
May 15 (Reuters) - Sweden's SAS AB (SAS.ST) said on Monday the U.S. Bankruptcy Court for the Southern District of New York has approved equity solicitation procedures which will allow the airline to secure available terms and conditions for new equity capital. The final deadline for potential investors to bid will take place in approximately 13 weeks, the company said. "We will conduct a competitive and broad solicitation process to secure equity capital that will help drive our airline forward and facilitate our emergence from the Chapter 11 process," Anko van der Werff, president and chief executive officer of SAS said. Last month, the Scandinavian airline had initiated steps to raise equity and bids as part of its ongoing Chapter 11 bankruptcy proceedings in the United States. The airline earlier said the final sum would depend on the bidding process and generation of additional liquidity by the airline.
☆ A Balloon Engineer Explains What’s Up
  + stars: | 2023-02-18 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
There are few people anywhere in the world who have had a weirder month at work than Russ Van Der Werff. He’s in the business of high-altitude balloons. His job at a South Dakota defense contractor is to lead a team of engineers responsible for designing, building and operating the kinds of stratospheric balloons that can be used for improving telecom infrastructure, monitoring agricultural crops, responding to disasters—and spying.
☆ Airline SAS' losses deepen, warns bankruptcy protection will drag out
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
STOCKHOLM, Nov 30 (Reuters) - Crisis-hit Scandinavian airline SAS (SAS.ST) on Wednesday reported a much deeper loss in its August-October quarter than last year and said it will take slightly longer than previously expected to complete its bankruptcy protection process. SAS, whose biggest owners are the Swedish and Danish governments, said in a statement it aimed to complete its bankruptcy protection process during the second half of 2023. SAS hopes to cut costs by 7.5 billion crowns, raise at least 9.5 billion in new equity and convert more than 20 billion of debt into equity as part of its rescue plan. SAS, which formerly earned a large share of its profits from business travel, is refocusing towards leisure. Its full-year pretax loss adjusted for items affecting comparability widened to 7.94 bllion despite full-year sales doubling to 31.8 billion crowns, in line with guidance given in September.
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