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South African Airways creditors approve restructuring plan

Airbus Aircraft SAA A South African Airways (SAA) Airbus aircraft

Tue, 14 Jul 2020 Source: reuters.com

Creditors of South African Airways (SAA) approved a restructuring plan for the loss-making airline on Tuesday, one of SAA’s administrators told a creditor meeting.

Creditors of South African Airways (SAA) approved a restructuring plan for the loss-making airline on Tuesday, one of SAA’s administrators told a creditor meeting. Administrator Siviwe Dongwana told the meeting that the plan had been approved by 86% of voting interests.

Source: reuters.com