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-   -   SAA Technically Insolvent? (https://www.flyertalk.com/forum/south-african-airways-voyager/1738187-saa-technically-insolvent.html)

johan rebel Jan 11, 2016 12:01 pm
SAA Technically Insolvent?
 
"The Treasury has reached out to SAA to help the airline maintain its liquidity after Citibank cancelled a R250m loan facility to the airline.

SAA already found itself in a tight financial spot with SAA head of Legal, Risk and Compliance Ursula Fikelepi saying in November last year already that SAA is financially distressed and trading under insolvent circumstances."

Source

Johan


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