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AIRCHEFS

SAA will have a strategic equity partner by August, says public enterprises department

The airline’s outstanding government guaranteed debt is R6.4-million and the treasury says there are no new guarantees to mitigate future risks to the fiscus

  • Emsie Ferreira
4 min read
The decision by the rescue practitioners to place workers on leave and suspend domestic flights follows heated negotiations between the rescue practitioners and labour unions earlier in the week regarding the airline’s retrenchment process.
AIRCHEFS

SAA staff placed on forced leave as airline cancels flights during lockdown

Employees at the embattled state-owned airline have been forced to take leave as SAA cancels all flights during South Africa’s lockdown

  • Thando Maeko
3 min read
Airline gets another chance as rescue practitioners and Gordhan agree to work on a rescue plan by the end of June (Delwyn Verasamy/M&G)
AIRCHEFS

SAA’s choice: Restructure and cut 2 200 jobs or liquidate and lose 4 700

The business rescue practitioners say 29 of the fleet of 48 planes, various routes and inefficient services also need to go in the state-owned airline is to survive

  • Thando Maeko
4 min read