The practitioners requested the postponement because they are in discussions with potential funders, and this has resulted in a non-binding expression of interest for cash funding.
On June 2 the practitioners said they were in discussions with funders to recapitalise the airline in order to resume domestic passenger operations by November 1. They said more than 30 potential funders had been contacted and discussions were being held with six.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING NEWS: Edcon business rescue approvedBusiness rescue practitioner Lance Schapiro says approval of the plan was backed by most creditors
Source: BDliveSA - 🏆 12. / 63 Read more »
SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
Source: BDliveSA - 🏆 12. / 63 Read more »
SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
Source: BDliveSA - 🏆 12. / 63 Read more »