AIRLINK has
sent a formal
application to the
Johannesburg High Court
for permission to sue SAA
and its business rescue
practitioners for more than
R700 million in outstanding
airfares.
“The application aims to
clarify Airlink’s classification
as a creditor and whether
SAA was ever entitled to
appropriate Airlink’s ticket
sales revenue,” says ceo
and md of Airlink, Rodger
Foster.
The application will be
considered by the court on
February 11. “If the court
dismisses the application,
Airlink will assume the
position as creditor and it
will vote on the business
rescue plan accordingly,”
Rodger told TNW.
He adds that Airlink
has a “strong and robust
balance sheet” and
sufficient liquidity to ensure
that its operations are not
affected.
The long-standing
franchise arrangement
between the airlines sees
Airlink sold under the SAA
code SA8. This agreement,
which has existed for
the past 23 years, will
discontinue from June 10.
“A new mutually beneficial
commercial relationship
will replace the franchise
arrangement from June 11,
starting with an interline
agreement, which has
already been committed
to,” says Rodger.
