DA calls for immediate release of SAA’s business rescue plan

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

JOHANNESBURG - The Democratic Alliance on Tuesday called on South African Airways’ business rescue practitioners to immediately release the long-overdue business rescue plan for the airline.

Government, creditors, and unions were expected to vote on a final business plan last week to save the debt-ridden airline. However, unions at SAA asked for an extension, saying they wanted to engage further on the plan.“It is not surprising that there is still no sign of a business rescue plan despite the expiry of the 15 June 2020 extension the court granted the BRPs at the eleventh hour on 8 June 2020.

“The continuous delays and missed deadlines make a complete mockery of the entire process. It also reaffirms suspicions that the BRPs were never in control of the process because it was intercepted by political meddling,” said DA MP Alf Lees.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well, someone had to hold Pravin accountable

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines