SAA to undergo further transformation
Written by Lethiwe Mdluli on 7 February, 2020
The joint Business Rescue Practitioners of South African Airways have announced further initiatives to support the airline’s transformation into a sustainable and profitable business.
BRPs, Les Matuson and Siviwe Dongwana, say they’ve worked with industry specialists, government, creditors and others to develop a comprehensive restructuring programme.
BRP says in line with SAA’s commitment to take urgent action to conserve cash, and create a viable platform for a successful future, key measures need to be implemented now.
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By: Zilungile Mkhize