Can business rescue really heal the ailing SA aviation industry?
Business rescue doesn’t have a great track record with various constraints hampering the likelihood of exiting the process successfully
The aviation industry is susceptible to unpredictable events outside its control. In SA, an already difficult economic and operating environment combined with a pandemic has proven too much for the local industry to bear.
SAA and Comair have entered business rescue. SA Express entered business rescue and now finds itself in provisional liquidation. Remaining competitors face immense financial strain, with revenue streams disappearing overnight, and no certainty as to when they will reappear...