The Department of Public Enterprises (DPE) has called on the stakeholders in financially-embattled State-owned airline South African Airways (SAA) to vote in favour of the proposed business rescue plan for the carrier. The main stakeholders are the creditors of, and the unions representing workers at, SAA. The airline is under business rescue and the vote will take place on Tuesday (July 14). The vote on the business rescue plan was originally scheduled for two weeks ago, but the stakeholders decided to postpone it. Since then, the business rescue plan has been revised. The DPE has argued that if this revised business rescue plan is rejected, SAA could be liquidated.
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