PPRuNe Forums - View Single Post - SAA unable to pay November salaries
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Old 5th Dec 2019, 22:33
  #21 (permalink)  
krismiler
 
Join Date: Jul 2010
Location: Asia
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Is this the equivalent of Chapter 11 bankruptcy protection in the USA ? If so then current domestic creditors are kept at bay for what's owing at the moment but future purchases will be cash upfront and I doubt the law would apply outside South Africa, if for example a UK maintenance company applied for a court order to impound an SAA aircraft in respect of overdue debts.
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