SAA rescuers set a deadline for government funding
The move again places SAA in danger of liquidation, a fate the government has tried hard to avoid
10 September 2020 - 13:51
UPDATED 10 September 2020 - 16:29
SAA’s business rescue practitioners have called time in the ongoing rescue saga, warning that if government funding to restart the state-owned airline is not in hand by next week, they will be forced to go back to the drawing board.
This would again place SAA in danger of liquidation, a fate the government has tried hard to avoid. Liquidation would also not be to the advantage of employees whose retrenchment pay will be capped at levels far lower than the packages they have been offered...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.