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Government puts troubled SAA on business rescue

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Malaysia News News

Government puts troubled SAA on business rescue.

Government has placed the embattled SAA on business rescue.

"In this regard, SAA will have to urgently go into voluntary business rescue. This is the only viable route open to the government to avoid an uncontrolled implosion of the national airline. Explaining how the decision was taken, he said:"His excellency President Cyril Ramaphosa has directed me to inform all members of the executive of the urgent need to change the approach adopted by the cabinet in regard to addressing the dire situation in which SAA finds itself.

 

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