Solvent SAA comes out of business rescue after 17 months

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इंडिया समाचार समाचार

SAA was placed under administration in December 2019, and its long-standing financial woes worsened during the Covid-19 pandemic. All operations were mothballed in September 2020.

SA’s struggling national airline SAA on Friday exited a local form of bankruptcy protection called business rescue after roughly 17 months.

That meant they had “effectively discharged the business rescue and handed over the operations of SAA back to its board and executive team”, adding SAA was now solvent.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

A handful 😃 ‘The airline is one of a handful of SA state companies that depend on government bailouts, placing the budget under huge strain at a time of rapidly rising debt.’

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“Solvent”. 🤣

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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