South African Airways will not be liquidated: government

South Africa’s government is insisting that flag-carrier South African Airways will not be liquidated, and that it will detail measures relating to funding the airline in upcoming legislation. Its department of public enterprises gave the reassurance as creditors met to discuss the airline’s future, after its rescue practitioners warned that critical funding had not been delivered. The department says there are 20 unsolicited expressions of interest under evaluation from potential investors in a restructured SAA. It adds that the government will “reprioritise” funds to finalise this restructuring and implement the rescue plan developed for the airline. This measure will be part of upcoming legislation, the Adjustments Appropriation Bill, which will be put before parliament. “The national carrier will not be liquidated,” says the department. It had pleaded for “patience” after the creditors’ meeting was called, insisting that efforts to locate funding sources were continuing, adding that it remained “sympathetic and deeply mindful” of SAA employees’ situation.<br/>