News Formal

SA Express challenges creditor’s bid to place it in business rescue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

The airline says its contract with global logistics firm Ziegler was irregularly concluded

The government’s second state-owned airline SA Express says it will oppose an application to have it placed in business rescue, because the unpaid contract based on which the application is being made was irregularly obtained.

SA Express, which services several smaller regional routes as a feeder to SAA, owes global logistics firm Ziegler R11m and applied on Friday for an urgent hearing to be held on January 28.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business rescue threat for SA ExpressSA Express is facing a court application for it to be placed under business rescue. One SOLUTION FOR ALL SOEs,the HY-DROMÉ SOLUTION,THIS CAN GEN JOBS FOR 560000 jobless people NOW,THIS can make S.A.ECONOMICAL AND INDUSTRIAL GIANTS,THIS can GEN DUBBLE THE ENERGY SA NEED IN A SMALL SPACE without using Fossil fuels solar wind hydro and NUCLEAR,get me the president Not surprised at all. Why is it a threat if it is the right thing to do?
Källa: eNCA - 🏆 49. / 51 Läs mer »