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Les Matuson has been appointed business rescue practitioner for South African Airways. The airline is officially in business rescue following the filing of the notice of commencement of business rescue proceedings with the Companies and Intellectual Property Commission (CIPC) on December 5. The CIPC processed the appointment of Les, from Matuson Associates, in South African [...]
The travel trade has expressed relief that an actionable decision has been taken to move SAA forward, following the announcement that the airline will enter business rescue. It’s a great decision and long overdue, says director of TAG, Jonathan Gerber. “The country can’t keep bailing the airline out and it is positive that important decisions [...]
SAA has adopted a resolution to place the company into business rescue at the earliest opportunity. It said in a statement, released this morning, it would “endeavour to operate a new provisional timetable and would publish details shortly”. Services operated by subsidiary airline, Mango, would continue as usual and as scheduled. “The SAA Board of [...]
Johannesburg, 22 October 2019 Yesterday evening, the South African Civil Aviation Authority (SACAA) issued a notice related to irregular findings picked up during a recent audit of one of our maintenance and technical service providers, South African Airways Technical (SAAT). Affected aircraft may not be flown until the necessary corrective action has been carried out. [...]