Tag: Business rescue
Denel “not aware” of Employees Association
The deadline to submit affidavits against court papers seeking business rescue for Denel expired yesterday (Monday, 13 September) with the under-fire State-owned company (SOC)...
Concerned Denel employees want business rescue practitioners called in
Another call has come for Denel to be placed in business rescue, this time from concerned employees going under the name Denel Employees Association...
DPE welcomes ruling to place Mango under business rescue
The Department of Public Enterprises (DPE) has welcomed the High Court judgment to place airline Mango under business rescue, effective from 28 July 2021.
The...
Call for business rescue at Denel
Put Denel under business rescue is one proposal this week to find a way of bringing some stability to the beleaguered State-owned defence conglomerate...
Future of AHRLAC secured as Business Rescue nears completion
18 August 2020, Johannesburg - Paramount Aerospace Industries Proprietary Limited (“Paramount Aerospace Industries”), part of the Paramount Aerospace and Technology Group, announced today that the...
SAA needs government funding by end next week
South African Airways (SAA) needs short-term funding from government by the end of next week for the state carrier’s business rescue process to continue,...
Denel at risk of business rescue, government warns
Denel faces the risk of being placed under business rescue or even in liquidation due to its dire financial position, the National Treasury said...
South African Airways rescue plan ready bar the funding, say administrators
A rescue plan for South African Airways (SAA) is ready and can be implemented once funding for the restructuring is found, the state-owned airline’s...
SAA route cuts
Plans to cut some South African Airways’ (SAA) domestic and international routes aim at making the airline sustainable and free from government funding after...
SA Express seeking legal advice
]The board of SA Express is seeking legal advice after a high court decision ordering the airline be placed under business rescue.
“The SA Express...
SAA business rescue only viable option – Ramaphosa
South African Airways (SAA) had to be placed in “business rescue” because there was no other viable and financially workable option to secure a...
Business rescue for SAA
South African Airways (SAA) entered a business rescue process on Thursday, with a R4 billion ($272 million) lifeline from government and banks announced by...
Ahrlac business rescue plan announced
In the on-going legal saga over the Ahrlac aircraft, the business rescue practitioner (BRP) appointed to settle the shareholder battle has arrived at a...
