Struggling state-owned airline South African Airways will be put under "care and maintenance" until funding discussions are completed, the airline's administrators said on Tuesday.
A company's assets can be put under care and maintenance in order to keep them in good condition when they are not being used.
The administrators added in a notice to affected parties that certain funders were willing to provide a portion of the funds for the airline's restructuring plan and that they were engaging with the government on the remaining funding needed.