JOHANNESBURG (Reuters) – Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that the two remaining options were a wind-down process or placing the company into liquidation.
The wind-down process is dependent on employees accepting the termination of their employment by mutual consent within a given time frame, the specialists said in a notice to affected parties seen by Reuters.
(Reporting by Alexander Winning, editing by Mfuneko Toyana)
