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South African Airways enters business rescue proceedings

Air
James Chapple
6 December 2019

South African Airways has entered formal business rescue proceedings, its board of directors has confirmed.

SAA will shut its regional office in London on 31 July

The government is supporting efforts to secure the embattled flag carrier’s future while maintaining operations.


SAA has been plagued by financial and operational struggles for several years, without long-term stable leadership.


Minister Pravin Gordhan of South Africa’s department of public enterprises on Thursday (5 December) confirmed the government’s involvement in the rescue procedures, stressing a proposed restructure would safeguard the airline’s assets and restore confidence in the carrier.