NEWS ANALYSIS: The missing business case for SAA
The plan is sketchy and the numbers implausible, but the major players are expected to give it the thumbs up anyway
For six months’ work, the draft business rescue plan for SAA is shockingly sparse. It also fails to make even a slightly convincing case for starting a new airline.
However, it shouldn’t come as a surprise if a majority of creditors and “affected parties” give it the thumbs up...