The court-appointed administrator of GM's Saab said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011.

The court filing ahead of a the Nordic carmakers first formal meeting with creditors also said that about 20 actively interested parties were eyeing Saab, whose U.S. parent has said it will cut its ties with the brand by January1, 2010.

Saab also expects a positive cash flow already in 2011 as well as good returns at a production level of 150,000 cars, administrator Guy Lofalk said in the document obtained from the court.

But Saab also expected to have lower volumes both this year and the next compared to the 93,000 units produced in 2008, he added.

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