Rescue practitioners defend SAA plan
Decisions to cut routes were taken in the best interest of SAA says Les Matuson and Siviwe Dongwana
09 February 2020 - 11:26
Financial specialists appointed to turn around cash-strapped SAA defended their decision to substantially cut the airline’s domestic routes at the end of the month, saying they intended to wean the flag carrier off government bailouts.
State-owned SAA entered business rescue, a form of bankcruptcy protection aimed at rehabilitating a financially distressed company, after several years of operational losses and government bailouts that have exposed SA fiscal constraints. ..
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