Vote on SAA rescue plan delayed to July 14

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Vote on SAA rescue plan delayed to July 14
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The delay was roundly approved, with the government likely to be expected to pay significant restart capital and other expenses

SAA’s creditors have voted to postpone final deliberation on the state-owned airline’s business rescue plan to July 14.

The next creditors meeting will be one day before the deadline given by the business rescue practitioners to receive guarantees from the government that it will come up with the funding to restart operations as mentioned in the plan.

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