SAA rescue plan gets a nod; new interim CEO appointed SAA creditors have voted in favour of the business rescue plan that would see the creation of a new national airline from the ruins of the bankrupt national carrier
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86% of SAA creditors approve revised business rescue plan, new CEO appointedFollowing a creditors meeting held on Tuesday, 86% of South African Airway's creditors have voted in support of the revised business rescue plan. Phillip Saunders has been appointed the new interim CEO.
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Government announces interim CEO for low-flying SAAPhillip Saunders will take over the embattled state airliner which is expected to start running next year as a restructured smaller and profitable business.
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SAA unions, creditors should become ‘co-creators of a new national airline’Some seven months after it entered business rescue, a vote on the airline's future is at long last expected take place on Tuesday.
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NEWS ANALYSIS: Showdown in the SAA rescue saga is at handAs taxpayers await the bill, Gordhan is almost at the point where he must reveal his hand
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