SAA rescue hits legal headwind
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 little, according to the draft business plan published last week...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is reserved for HeraldLIVE subscribers.
A subscription gives you full digital access to all our content.
Already subscribed? Simply sign in below.
Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.
Questions or problems? Email helpdesk@heraldlive.co.za or call 0860 52 52 00.