South African Airways today exited from bankruptcy protection, referred to as “business rescue” in South Africa.
The flag carrier issued this short statement after submitting a business rescue plan:
The administrators have effectively discharged the business rescue and handed over the operations of SAA back to its board and executive team with immediate affect.
There was no mention of its subsidiaries including Mango.
The airline entered administration proceedings in December 2019.
The carrier is also reportedly in discussions with a potential investor.
Top Copyright Photo: South African Airways Airbus A330-343 ZS-SXI (msn 1745) IAD (Brian McDonough). Image: 946361.
SAA aircraft slide show: