The regional airline plans to interdict the SAA creditors’ meeting from proceeding on Thursday
Regional airline SA Airlink, which plans to interdict the SAA creditors’ meeting from proceeding on Thursday, says the business rescue plan unfairly favours the shareholder and prejudices creditors.
The South Gauteng High Court has agreed to hear the urgent application on Wednesday. SA Airlink want the business rescue process stopped and for SAA to be placed in provisional liquidation.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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