Carol Paton Editor at large

The business rescue practitioners of SAA handed the airline back to its interim board and management on Friday, filing a substantive report of implementation to bring the business rescue process to an end.

This despite the airline having not yet received the full R10.3bn required to fund the rescue plan. So far, only R7.8bn of the required amount has flowed, leaving several outstanding liabilities still to be paid. SAA will also need additional working capital to resume operations...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now