South African Airways Releases Update on Business Rescue Plan

South African Airways (SAA) has produced an update on its enterprise rescue system. The airline reviews that it, alongside with the Departments of Public Enterprises and Nationwide Treasury, has been prosperous in acquiring the balance of the submit-commencement funding essential to meet the short-time period liquidity demands of the airline for the period right up until the enterprise rescue system is printed and adopted. 

SAA submitted for enterprise rescue, a system that is very equivalent to Chapter 11 personal bankruptcy laws in the United States, in early December 2019. At that time community commercial financial institutions presented the preliminary submit-commencement

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