SAA board unanimously backs business rescue

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SAA board unanimously backs business rescue
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The embattled state carrier says it wants to do this at the ‘earliest opportunity’

The board of SAA is fully behind putting the national carrier in business rescue. Picture: SAA

SAA said on Thursday its board of directors had unanimously agreed to place the company into business rescue at the earliest opportunity. The embattled airline said it would operate a new provisional timetable and would publish details shortly, while subsidiary airline Mango would continue as scheduled.

Public enterprises minister Pravin Gordhan said on Wednesday business rescue was the best way of avoiding a disorderly implosion of the airline.

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