The business rescue practitioners of SAA handed the airline back to its interim board and management on Friday, filing a substantive report of implementation to bring the business rescue process to an end.
This despite the airline having not yet received the full R10.3bn required to fund the rescue plan. So far, only R7.8bn of the required amount has flowed, leaving several outstanding liabilities still to be paid. SAA will also need additional working capital to resume operations...
Who is going to fly SAA? Anybody? AskingForAFriend
Is the business rescued?
Taking bets now on how long it will be until a bailout is needed and paid! bailoutloading
As much as I love my SAA, but I will never fly them again. Those beautiful A340-600's. Thy nearly crashed the vaccine flight! Where are they gonna fly to? All routes taken. They gave up their London slots too.
...until the next one...
Best part of this, the honchos will now have to fly SAA!!🤣🤣🤣🤣🤣🤣🤣🤣🤣
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