Regional airline SA Airlink has given notice to SAA that it will apply to a court to interdict Thursday’s creditors meeting and ask that the company instead be placed in provisional liquidation.
SA Airlink is one of the largest trade creditors of SAA and is owed about R500m, of which it is likely to see very little, according to the draft business plan published last week. Creditors are due to vote on the plan on Thursday.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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Business for SA warns SA will need foreign capital to fund budgetFunds raised outside the domestic market significantly heighten risk of a sovereign debt crisis
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Business for SA warns SA will need foreign capital to fund budgetFunds raised outside the domestic market significantly heighten risk of a sovereign debt crisis
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »