SAA faces possible liquidation if stakeholders don’t reach an agreement
Government says it is considering several proposals from potential strategic equity partners as it continues to try and source the R15 billion funding needed to save SAA.
Business Rescue Practitioners have confirmed they will be meeting with creditors on Friday as they have not yet received the anticipated funding sourced by government for the restructuring of the airline.
Department of Public Enterprises spokesperson, Sam Mkokeli, says government is committed to saving the airline and the jobs of its employees.
SAA’s fate is discussed in the video below:
Source: SABC News (sabcnews.com)