I stumbled across an article from Ny Teknik which points out why in Saabs case reconstruction is to be preferred over bankrupcy. It’s the better solution for all parties involved. Worth mentioning that this piece was written by Frederick Sidahl, CEO of the supplier organisation FKG.
Early on we, FKG – Automotive Suppliers trade association of automotive suppliers, the position to support a reorganization instead of bankruptcy for Saab Automobile. As an industry organization, we work to ensure that our members get the right business opportunities and bring their collective action in the larger context. Along with legal expertise in insolvency law was judged that the reorganization of Saab and not bankruptcy was to advocate for our members’ sake.