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In 2020-21 budget, the South African government has allocated a total of $1.06 billion to allow SAA to repay guaranteed debt and interest costs.

South African Airways delays submission of business rescue plan

Our Correspondent3 March 2020 7:29 PM IST

South African Airways’ business rescue practitioners (BRPs) Les Matuson and Siviwe Dongwana have sought creditor approval for permission to further...

The airline which began to sink into debt since 2018, started to show signs of bankruptcy from December 5, when it slipped into the business rescue process.

South African Airways conceals financial information in the fear of liquidation

Our Correspondent24 Feb 2020 5:46 PM IST

SAA is reluctant to release its financial information due to the fear of liquidation.