SAA’s BRPs ask for another extension to finalise rescue plan

Johannesburg – South African Airways (SAA) Business Rescue Practitioners (BRPs) have asked creditors for permission to postpone the publication of their business rescue plan until 8 June.

This is the practitioners’ fourth extension since taking charge of the embattlement air carrier in December last year.

Siviwe Dongwana and Les Matuson were supposed to produce the plan on how to re-structure the airline on Friday.

The practitioners said the plans to restructure SAA were not ready as they still need to consult with affected parties. They said they have a revised plan ready but had to take into account the proposal made by government, and the unions about the possibility of starting a new airline.

The practitioners now ask for more time to consult with the affected parties on the changes. They have also warned that if they are not granted the extension, they will be forced to approach the courts to get one.

Be the first to comment

Leave a Reply

Your email address will not be published.