AIRLINE WOES: SA Airlink wants to sink SAA business rescue proceedings

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 84%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Privately-owned airlines are strongly against a final business rescue plan to restructure state-owned SAA and recapitalise it through taxpayer-funded bailouts. FlySafair is unhappy and SA Airlink has approached the High Court to urgently block a pending meeting with SAA creditors to approve the final business rescue plan, and to place the airline under provisional liquidation.

The ongoing restructuring of troubled SAA through a recently-published final business rescue plan is facing more opposition – this time from SA Airlink, a regional airline that is privately owned.

SA Airlink also wants SAA, or the rescue practitioners, to hand over copies of all minutes of board meetings and documents from the government that informed the decision to place the state-owned airline under business rescue. The final SAA rescue plan was published after many delays. The plan was supposed to be published on 28 February 2020 after an initial extension. Subsequent deadlines were 31 March, 29 May, and 8 June.

In the second part of SA Airlink’s court application, it wants SAA to be placed under provisional liquidation, which would immediately terminate business rescue proceedings. Dongwana and Matuson said they would oppose the SA Airlink application. The Department of Public Enterprises said it would approach the court to intervene in the matter and also oppose the application.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

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
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

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
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

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
ソース: BDliveSA - 🏆 12. / 63 続きを読む »