SAA denies Hong Kong service in jeopardy
South African Airways has denied reports in the South African press claiming its Hong Kong Chek Lap Kok services are in jeopardy. This weekend, The Sunday Times claimed authorities in the Chinese autonomous territory had given the carrier until Sept 6 to submit its 2016 annual financial statements or face possible deregistration. “The airline has not been deregistered and is unlikely to be deregistered," a SAA spokesman said. "We constantly ensure that we meet the compliance requirements in all jurisdictions where we do business.” SAA is unlikely to submit a set of signed-off accounts by the deadline given its sole shareholder, the South African Treasury, has refused to issue a guarantee of at least US284m the carrier needs to finalise its 2014/15 financial statements as a going concern. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-26/star/saa-denies-hong-kong-service-in-jeopardy
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SAA denies Hong Kong service in jeopardy
South African Airways has denied reports in the South African press claiming its Hong Kong Chek Lap Kok services are in jeopardy. This weekend, The Sunday Times claimed authorities in the Chinese autonomous territory had given the carrier until Sept 6 to submit its 2016 annual financial statements or face possible deregistration. “The airline has not been deregistered and is unlikely to be deregistered," a SAA spokesman said. "We constantly ensure that we meet the compliance requirements in all jurisdictions where we do business.” SAA is unlikely to submit a set of signed-off accounts by the deadline given its sole shareholder, the South African Treasury, has refused to issue a guarantee of at least US284m the carrier needs to finalise its 2014/15 financial statements as a going concern. <br/>
