Gauteng High Court’s decision to allow tomorrow’s meeting of SAA creditors to proceed, it is Having been frustrated by the business rescue practitioners and their resistance to comply with the provisions of the Companies Act, said Airlink chief executive and managing director Rodger Foster in a statement on Wednesday, "we fail to understand how creditors can be expected to make an informed decision when asked to vote on the plan at tomorrow’s meeting".63 000 flights.
It has the largest fleet of commercial jetliners in southern“We had sought to interdict the meeting and to have the SAA business rescue process unequally, is opaque in explaining how it will be funded and that it is not the product of a Although government has recently restated its commitment to SAA, we were left with no practitioners and their resistance to comply with the provisions of the Companies Act. decision when asked to vote on the plan at tomorrow’s meeting.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA Airlink loses court bid to halt SAA creditors' meetingSA Airlink has lost its court bid to interdict the creditors’ meeting for SAA from proceeding on Thursday
Source: TimesLIVE - 🏆 28. / 59 Read more »
SA Airlink loses court bid to halt SAA creditors' meetingSA Airlink has lost its court bid to interdict the creditors’ meeting for SAA from proceeding on Thursday
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »
SAA rescue plan helps shareholder not creditors, SA Airlink saysThe regional airline plans to interdict the SAA creditors’ meeting from proceeding on Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Court says SAA creditor meeting to go aheadPublic enterprises welcomes the judgment, saying it believes the business rescue process can see SAA become sustainable and competitive
Source: BDliveSA - 🏆 12. / 63 Read more »