The Department of Public Enterprises (DPE) has accused the South African Airways Pilots Association (SAAPA) of trying "to squeeze the last resources out" of South African Airways ahead of a crucial vote by creditors of the airline on a proposed business rescue plan, scheduled for Tuesday. A vote of 75% of the voting interests is required to accept the plan. This is the second attempt to get the plan accepted. Four big SA banks hold government guaranteed claims totalling R16.4-billion and form the largest voting bloc.
from Engineering News | Home https://ift.tt/32fVZ2f
