BUSINESS MAVERICK: SAA faces liquidation again as R10.4bn state lifeline fails to appear

SAA is again in danger of liquidation as urgent funding for the state-owned airline’s business rescue process has failed to materialise.

“to engage with affected persons on this issue and the proposed future of the company, taking into account all relevant factors”. Without funding, the rescue practitioners would be required by the Companies Act to declare that SAA has no prospects of being rescued and place it under liquidation, which implies the death of the airline.

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