The party says SAA's business rescue practitioners' decision to declare that the airline should not be liquidated was motivated by Gordan.
The party says SAA’s business rescue practitioners’ decision to declare that the airline should not be liquidated was motivated by Gordan.
Cachalia said the airline’s BRPs had succumbed to political pressure from Minister of Public Enterprises Pravin Gordhan, and were now making decisions based on the minister’s “inane and vain” desire for a new state-funded airline. “This change in course follows a spirited political campaign by Gordhan to discredit the business rescue process and resurrect the folly of failure by calling for the establishment of a new state airline.
He added that “political interference” in the business rescue process goes against the letter that was sent to the creditors and spirit of the Chapter 6 of the Companies Act 2008 .
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