SAA administrators ask for rescue plan extension

Specialists appointed to try to rescue South African Airways (SAA) asked creditors on Friday for a two-month extension for a plan for the struggling state-owned airline because of the coronavirus outbreak.

Specialists Les Matuson and Siviwe Dongwana asked creditors in a letter seen by Reuters to approve an extension for the publication of the plan until May 29. They added that coronavirus would accentuate the need for urgent cost-cutting measures, such as possible layoffs.