An SAA Airbus A340-300 at Hong Kong International Airport. Picture: 123RF/TEA
An SAA Airbus A340-300 at Hong Kong International Airport. Picture: 123RF/TEA

SAA has been placed under business rescue. The decision was taken unanimously by its board in the hope of creating a better return for the company’s creditors and shareholders.

The Treasury and lenders will provide the state-owned carrier with R4bn to facilitate the business rescue process.

SAA board member Martin Kingston spoke to Business Day TV about what lies ahead for the airline.

Or listen to the full audio:

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