Africa Business News of Tuesday, 14 July 2020

Source: reuters.com

South African Airways creditors approve restructuring plan

A South African Airways (SAA) Airbus aircraft A South African Airways (SAA) Airbus aircraft

Creditors of South African Airways (SAA) approved a restructuring plan for the loss-making airline on Tuesday, one of SAA’s administrators told a creditor meeting.

Administrator Siviwe Dongwana told the meeting that the plan had been approved by 86% of voting interests.