With recent reports of SAA having reinstated insolvency cover on its tickets, and with global travel firm Flight Centre having lifted its suspension of the sale of seats on SAA flights, South Africans are starting to see the effect of the business rescue mechanism at SAA, and the potential for a turnaround at the ailing carrier.
In addition, with the labour court recently clearing the way for the business rescue practitioners to restructure the cash-strapped airline, it appears a path forward for SAA is slowly starting to gain traction. However, the commencement of a business rescue process on December 5 must be embraced by all stakeholders and accepted for what it is — a rescue process, warts and all...
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