BREAKING NEWS: SAA creditors support business rescue plan

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Россия Новости Новости

Creditors voted overwhelmingly in support of the plan, meaning the government has to find more than R10bn in funding

SAA creditors have voted overwhelmingly in support of the business rescue plan for the airline, giving the Treasury and the department of public enterprises until Wednesday to provide a letter of commitment that funding will be forthcoming. .

Domestic banks, which are the biggest creditors by far, hold about 60% of the voting power, with smaller creditors and employees holding only minimal interests. Banks are, however, guaranteed creditors and will be paid out in full by the National Treasury over the next three years.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости