SAA Technically Insolvent?

Old Jan 11, 16, 12:01 pm
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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.
"

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Johan
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