The cabinet is backing the department of public enterprises’ call for SAA creditors to vote for the proposed business rescue of the ailing state-owned airline.
“The cabinet believes a restructured airline will pursue the transformational agenda, such as the lack of opportunities for the advancement of black pilots after 26 years into our democracy.”proposed business rescue of SAA was again delayed on Thursday after creditors voted to postpone deliberations on the plan to July 14. The postponement was requested by several employee groups and unsecured creditors.
The cabinet said on Friday that it supported the proposal for a new airline and efforts to find funding from various sources, including from potential equity partners for the uptake of it.
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'SAA business rescue the best plan for everyone'The department of public enterprises has urged creditors, employees and other stakeholders of SAA to vote in support of a business rescue plan for the airline.
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