Decision from the District Court
As the conditions for composition under Chapter 3 Sections 2 and 4 of the Company Reconstruction Act (1996:764) are fulfilled, the District Court determines, pursuant to Chapter 3 Section 23 second paragraph of the aforementioned act, each of the compositions (see below), as offered by Braathens Leasing AB, BRA Sverige AB, Braathens Support AB, Braathens Regional Aviation AB, and Braathens Regional Airlines AB and accepted by the creditors.
The company offers its non-prioritised creditors payment of 25 percent of their receivables on the day of the decision on company reconstruction, 6 April 2020.
All creditors due to receive a composition settlement of up to and including SEK 500 shall receive payment within 60 days of the decision to adopt the composition proposal becoming legally binding.
For other creditors, the following applies. The highest sum of either a quarter of the composition settlement or SEK 500 shall be paid to them within 60 days of the decision to adopt the composition proposal becoming legally binding.
The remaining sum shall be paid on 15 July 2021 at the latest, or at the time when the Court’s decision to adopt the composition proposal becomes legally binding, if this is later.
The district court decrees that each of the company reconstructions of Braathens Leasing AB, BRA Sverige AB, Braathens Support AB, Braathens Regional Aviation AB and Braathens Regional Airlines AB shall end on the date that the respective composition decision under item 1 becomes legally binding.
As the circumstances for a supervisor are at hand, the district court decrees, for each of the reconstructions, that the lawyer Nils Åberg shall be the supervisor pursuant to Chapter 3 Section 26 of the Company Reconstruction Act.