Johannesburg - The Department of Public Enterprises says it will oppose possible court applications by SA Airlink and aviation unions which seek to halt South African Airways Business Rescue Practitioners from convening a creditors meeting scheduled for Thursday.
SA Airlink believes there is no reasonable prospect in rescuing SAA.DPE said it was not cited as a respondent in the SA Airlink application but as a shareholder at SAA if felt it necessary to intervene in the matter. The department said it will oppose the application on both fronts, for liquidating SAA and for halting the creditors meeting."The BRPs have scheduled a creditors meeting for 25 June 2020 to vote on the business rescue plan.
"The government, as the sole shareholder of SAA, supports the business rescue plan where it results in a viable, sustainable, competitive airline that provides integrated domestic, regional and international flight services."
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