LETTER: Get SAA rescue off the ground
Six months after practitioners were appointed to devise a plan for the airline urgent action is needed
Business rescue expertise is sought when a business is in a difficult trading position. Like SAA, Comair has recently opted for this process. This is one of the strategic enablers that is provided by the Companies Act to encourage companies to continue as a going concern.
In the case of SAA there have been counterarguments questioning the benefits of this process...