SAA Technically Insolvent?

Old Jan 11, 16, 12:01 pm
FlyerTalk Evangelist
Original Poster
Join Date: Oct 2000
Posts: 11,580
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.


johan rebel is offline  

Thread Tools
Search this Thread