‘Reasonable prospect’ of success for SAA, say business rescue practitioners
The two told creditors that immediate liquidation would see concurrent creditors receiving nothing
20 December 2019 - 17:15
There is a reasonable prospect of the successful business rescue of SAA despite the inevitable risks and challenges involved, the airline’s joint business rescue practitioners told creditors at the first creditors’ meeting on Friday.
The practitioners Les Matuson and Siviwe Dongwana provided creditors with an overview of the past 10 days and the actions taken, with the meeting also offering a way to open up lines of communication with stakeholders...
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