Calls are increasing for the rescue practitioners of South African Airways to make a decision about the conclusion of the rescue process and not to procrastinate any longer.
"They need to call an urgent creditors' meeting to wind the company down. They cannot continue to trade recklessly. It cannot be an open-ended rescue plan agreement," a reliable source, who wants to remain anonymous due to the sensitive nature of the process, told Fin24 on Thursday.
This view is supported by an SAA creditor, who also spoke to Fin24 on condition of remaining anonymous. On Monday SAA's shareholder, the Department of Public Enterprises, said it has received further unsolicited expressions of interest - locally and internationally - in SAA and its subsidiaries, which include Mango