Liquidation of SAA not 'current scenario', say business rescue practitioners

In a separate joint statement on Thursday morning, Matuson and Dongwana denied claims of imminent liquidation, saying that there are typically liquidity constraints for companies into business rescue. They added that government is still supportive of the process.

"Government continues to indicate its support for the business rescue process and together we are considering various scenarios to keep the entity operational. "We remain hopeful that a mechanism can be found to unlock the liquidity constraints. The liquidation of SAA is not one such current scenario," they said.

President Cyril Ramaphosa ordered that SAA enter into voluntary business rescue in December. The business rescue practitioners held their first meeting with SAA's creditors later that month.

Source: News Formal (newsformal.com)

Fin24 South Africa cannot liquidate something that belongs to China. Maybe change the name to Chinese African Airways. Make the planes red with yellow stars. Put a dragon on the wing.

Fin24 Airlines are struggling globally

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