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Has SAA's rescue plan become unimplementable?

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The question then again arises if the business rescue plan can be implemented and if a liquidation of the company is the only way out.
The question then again arises if the business rescue plan can be implemented and if a liquidation of the company is the only way out.
Gallo Images/Jacques Stander

The rescue practitioners of South African Airways (SAA) could still end up having to say that the state-owned airline's rescue plan is not financially viable anymore and unimplementable.

Then they would be forced to liquidate the airline because the business rescue process could not serve its purpose anymore, said Gideon Slabbert, a business rescue practitioner at Turnaround Rescue Solutions

That was why, in his view, the core question of SAA's business rescue process currently should be whether it still made sense.

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