Any attempt by the government to intervene in the efforts by independent business experts to rescue state-owned airline SAA from financial ruin by preventing their decision to stop flights on most domestic routes could derail the process.
SAA is in business rescue, a form of bankruptcy protection aimed at rehabilitating a financially distressed company. The airline has reported several years of operational losses and absorbed billions of rand in government bailouts.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
It is the State's initial meddling & exerting undue influence on Cadre Deployed Ministers that are carefully chosen to head these entities,that brought upon this crisis. The Business Rescue Plan for flysaa must be able to work unprovoked free of hindrance from t meddling State