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Scandinavian airline SAS said it would file a second amended Chapter 11 plan of reorganization with the US Bankruptcy Court for the Southern District of New York on Monday and said it had obtained the support of the Official Committee of Unsecured Creditors. The company said it expected about $325m to be allocated to general unsecured creditors as part of the amended plan, consisting of up to $250m in cash and $75m in new equity. The $75m in new equity to be allocated to creditors would be distributed to general unsecured creditors like the Danish, Norwegian, and Swedish states, aircraft lessors, pilot unions, and key suppliers, the company said. Other creditor classes, including holders of the listed commercial hybrid bonds, are expected to receive a cash-only recovery. The airline said that holders of the company's listed commercial hybrid bonds would receive an initial cash recovery of 6.9%–9.4% of the nominal value of claims after emerging from the Chapter 11 process. SAS, Scandinavia's biggest carrier, reiterated that there would be no value for its existing shareholders and all of its common shares and listed commercial hybrid bonds will be cancelled, redeemed and delisted. <br/>

Japanese airlines will cancel flights on Monday on some routes. For domestic flights to and from Haneda Airport in Tokyo, Japan Airlines and All Nippon Airways will cancel 76 flights on Monday afternoon. East Nippon Expressway has prohibited driving with summer tires on expressways in Tokyo and Kanagawa Prefecture since Monday morning due to heavy snow forecast. On parts of the Ken-O Expressway, the road company began implementing precautionary road closures on Monday. This is due to the forecast of heavy snowfall over a wide area in the Kanto Koshin region, including Tokyo, from around noon on Monday to Tuesday morning.<br/>