Professor John Lamola is the manager of South African Airways actively involved in the decision to rescue the business, which started in 2021.
The airline South African Airways had been in the market for about 86 years, and had its operations closed in 2020, but after a business recovery plan, the company returned to operationalize in the market.
What is a Business Recovery Plan?
It corresponds to a strategy for a business to be restructured after a series of disruptions that may result from negative risks associated with the market. Judicial recovery helps companies to incorporate means that help in the suspension or renegotiation of debts in a period of crisis, which could lead to bankruptcy and closure of activities.
Therefore, a judicial recovery plan helps companies to institute strategic measures and support until they can be reorganized and repositioned to continue operating in the market.
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