Philip Saunders appointed SAA interim CEO

  • 📰 eNCA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

[ICYMI] Philip Saunders appointed SAA interim CEO

This as creditors vote on South African Airways’ business rescue plan. Business rescue practitioners took over six months to submit the plan and needs 75-percent of the vote for it to be implemented.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in ZA

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.

Government announces interim CEO for low-flying SAAPhillip Saunders will take over the embattled state airliner which is expected to start running next year as a restructured smaller and profitable business.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

AVERTING LIQUIDATION: Creditors approve SAA’s business rescue plan as the airline gets a new interim bossAbout 86% of creditors have voted in favour of the SAA business rescue plan, meaning that the airline will, for now, avoid liquidation. Meanwhile, Philip Saunders is the new SAA interim CEO. He becomes the fourth SAA CEO in five years.
Source: dailymaverick - 🏆 3. / 84 Read more »

86% of SAA creditors approve revised business rescue plan, new CEO appointedFollowing a creditors meeting held on Tuesday, 86% of South African Airway's creditors have voted in support of the revised business rescue plan. Phillip Saunders has been appointed the new interim CEO.
Source: IOL - 🏆 46. / 51 Read more »

BUSINESS MAVERICK OP-ED: SAA rescue plan reveals government’s tunnel visionWhat is the point of throwing everything at SAA when the rest of the air transport system and entire industries upon which SAA depends are collapsing?
Source: dailymaverick - 🏆 3. / 84 Read more »

Creditors to vote on SAA rescue planFour big banks holding around R16-billion in government-guaranteed claims form the largest voting bloc.
Source: eNCA - 🏆 49. / 51 Read more »

Meeting of creditors to decide the fate of embattled SAAThe government on Monday made its final push to get SA Airways' creditors to vote in favour of the proposed business rescue plan to avoid the liquidation of the airline. busrep
Source: IOL - 🏆 46. / 51 Read more »