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South African flag carrier enters business rescue

By Jordan Fermanis

06 December 2019

UPDATED WITH COUNSEL: South Africa’s struggling state-owned airline South African Airways (SAA) has entered business rescue proceedings under a US$1.3 billion debt burden.

South African flag carrier enters business rescue State-owned enterprise South African Airways (SAA) has been placed into business rescue. (Credit: iStock.com/rypson)