SAA business rescue comes to an end : vimarsana.com

SAA business rescue comes to an end


The balance of the debt owed will be paid over the next three years
#SAA's business rescue has come to an end. The national carrier has been under business rescue for 17 months. It has now been handed back to the executives and the board. Business Rescue Practitioners say R7.8 billion rand has been received from government. Courtesy #DStv403pic.twitter.com/NKe8Q4tcC1
— eNCA (@eNCA) April 30, 2021
After 17 months the airline is handed back to the board. The business rescue plan was voted for and approved by creditors on 24 July 2020 with a R10.3 bn funding required for its implementation. To date R7.8 bn has been received from government for the implementation of the Plan.

Related Keywords

South Africa , Johannesburg , Gauteng , South African , , African Airways , South African Airway , Business Rescue Practitioners , ஜோகன்னஸ்பர்க் , கௌஊட்டெங் , வணிக மீட்பு ப்ர்யாக்டிஶநர்ஸ் ,

© 2025 Vimarsana