May 29, 2020
SAA Bankruptcy Administrators to Submit Rescue Plan on Friday
Bloomberg News
,(Bloomberg) --
South African Airways’ bankruptcy administrators will submit a business rescue plan to the government, creditors and labor unions on Friday and will begin discussions on it next week.
The so-called Business Rescue Practitioners have asked for an extension to their contract until June 8 to complete the work, they said in a statement.
©2020 Bloomberg L.P.