EXPLAINER-South African Airways is in ‘business rescue’. What does that mean?
Plagued by debt and years
of mismanagement, state-owned South African Airways (SAA) has
been placed into business rescue – South Africa’s bankruptcy
protection process – in a last-ditch attempt to save the
national carrier.
of mismanagement, state-owned South African Airways (SAA) has
been placed into business rescue – South Africa’s bankruptcy
protection process – in a last-ditch attempt to save the
national carrier.
Posted by Reuters
