SAA administrators call creditor meeting

Administrators at state-owned South African Airways have called a creditor meeting for Friday, September 18, as funding for the airline’s restructuring has not been received as anticipated, the administrators said on Thursday.

The creditor meeting will be convened at 11:00 local time (0900 GMT) on Friday to discuss the funding issue and the proposed future of the company, the administrators said.

Source: moneyweb.co.za