Regional airline SA Airlink has given notice to SAA that it will apply to a court to interdict Thursday’s creditors meeting and ask that the company instead be placed in provisional liquidation.
SA Airlink is one of the largest trade creditors of SAA and is owed about R500m, of which it is likely to see very little, according to the draft business plan published last week. Creditors are due to vote on the plan on Thursday.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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business for SA warns SA will need foreign capital to fund budgetFunds raised outside the domestic market significantly heighten risk of a sovereign debt crisis
Source: BDliveSA - 🏆 12. / 63 Read more »
Business for SA warns SA will need foreign capital to fund budgetFunds raised outside the domestic market significantly heighten risk of a sovereign debt crisis
Source: BDliveSA - 🏆 12. / 63 Read more »