Dear ACTA Members,
Following the previous update on South African Airways (SAA) entering into a Business Rescue process under the bankruptcy laws of South Africa, IATA continues to work with the current SAA management team and the court nominated Business Rescue Professional in order to ensure that SAA continues to meet all the requirements to remain in IATA’s BSP, CASS and ICH settlement services. In this regard, SAA has placed certain security and guarantees to remain an active participant in all of IATA’s settlement systems. SAA has also reassured IATA that the intention of the business rescue process is to ensure that SAA will continue to operate.
Juan Antonio Rodriguez
Director FDS Operations, CBS – Global Delivery Center
PAConf and PSG Secretary