PPRuNe Forums - View Single Post - SAA bankrupt - again
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Old 21st Feb 2009, 13:27
  #22 (permalink)  
777Contrail
 
Join Date: Aug 2007
Location: MEL
Age: 55
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OK.

So SAA is insolvent.

Not bankrupt.

JUST insolvent.

They can't pay their bills, for whatever reason.

Other companies that can't pay their bills are also "insolvent".

BUT other companies do not have the taxpayer's deep pockets, therefore they close down.

SAA is insolvent, but don't have to close down.

YET.
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