SAA Bankruptcy Administrators to Submit Rescue Plan on Friday
NEW YORK - AUGUST 24 : An Airbus A340-642 operated by South African Airways takes off from JFK Airport on August 24, 2019 in the Queens borough of New York City. (Photo by Bruce Bennett/Getty Images) (Photo by Bruce Bennett/Getty Images) Photographer: Bruce Bennett/Getty Images North America
, Photographer: Bruce Bennett/Getty Images North America
Antony Sguazzin, 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.
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