FlyAfrica’s operations in South Africa will be liquidated, while employees are left without pay and still in the dark about what’s going on at the airline.
Fly Africa Aviation Services (FAAS), Flyafrica SA Ltd, and Africa Aircraft Maintenance – subsidiaries of the holding company based in Mauritius – will be placed into liquidation, says Daniel Terblanche, an Associate Director in the Corporate Finance department at Deloitte & Touche, who was appointed as the business rescue practitioner for the South African companies.
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