The ongoing restructuring of troubled SAA through a recently-published final business rescue plan is facing more opposition – this time from SA Airlink, a regional airline that is privately owned.
SA Airlink also wants SAA, or the rescue practitioners, to hand over copies of all minutes of board meetings and documents from the government that informed the decision to place the state-owned airline under business rescue. The final SAA rescue plan was published after many delays. The plan was supposed to be published on 28 February 2020 after an initial extension. Subsequent deadlines were 31 March, 29 May, and 8 June.
In the second part of SA Airlink’s court application, it wants SAA to be placed under provisional liquidation, which would immediately terminate business rescue proceedings. Dongwana and Matuson said they would oppose the SA Airlink application. The Department of Public Enterprises said it would approach the court to intervene in the matter and also oppose the application.
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SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
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