SAA business rescue practitioners request extension due to impact of coronavirus Ailing SAA’s business rescue practitioners will need another two months to present their plan to save the national carrier, due to the Covid-19 pandemic.
Siviwe Dongwana and Les Matuson initially told workers and creditors they hoped to publish their plan by the end of this month.
Dongwana and Matuson want their completion date extended until May 29, which they hope will allow for sufficient time to determine the full effects of Covid-19 on SAA. SAA started the facilitating the process of retrenching hundreds of workers on Friday at the Commission for Conciliation, Mediation and Arbitration, and hopes the process will end on May 8.
“It is quite clear that SAA will experience difficulties in completing the plan without having substantially concluded the section 189 process with the consulting parties,” they said. According to the practitioners, SAA has a number of foreign creditors who will not be able to travel to South Africa due to the measures put in place by the government to fight Covid-19.
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