The government on Wednesday announced the release of R10.5-billion needed to fund a plan to rescue struggling South African Airways. The cash-strapped airline was placed… Read More »SAA Gets R10.5-billion Government bailout
SAA business rescue practitioners have clarified that they need R10 billion to fund the new airline. Earlier it was reported that R16 billion was needed… Read More »Government Tasked With Providing R10Billion For SAA Business Rescue Plan
The Public Enterprises Department is concerned about the South African Airways Pilots’ Association accepting the voluntary severance packages on offer but attaching additional demands. The… Read More »DPE: SAA Pilots’ Association Proposal Unsustainable And Cannot Be Accepted
The Department of Public Enterprises has made it clear that unions have two choices, either accept the severance package offered by the South African Airways… Read More »Take SAA Severance Package Or Risk Liquidation: Department To Unions
The Department of Public Enterprises has on Sunday announced its withdrawal from the forum tasked with coming up with a business restructuring model for the… Read More »Public Enterprises Withdraws From SAA Restructuring Forum
A vote on a restructuring plan for South African Airways (SAA) on Thursday was delayed until next month after creditors and trade unions secured an adjournment.… Read More »Vote On SAA’s Business Rescue Plan Postponed To July
The National Union of Metal Workers of South Africa (Numsa), the South African Cabin Crew Association (Sacca), and the South African Airways Pilots’ Association (Saapa)… Read More »Unions Welcome Court Ruling Paving Way For Vote On SAA’s Rescue Plan
Government is urging creditors and others involved at South African Airways (SAA) to vote in favour of the controversial business rescue plan for the broke… Read More »Govt Calls On Creditors, Other Stakeholders To Vote For Saa’s Rescue Plan
Government on Tuesday said that it had received unsolicited proposals from private sector funders, private equity investors, and potential partners for a new national airline… Read More »Government Reveals Proposals From Private Funders, Investors To ‘Renew’ SAA
Administrators at state-owned South African Airways (SAA) have asked creditors to delay the publication of a rescue plan for the cash-strapped airline until next week,… Read More »SAA Administrators Seek Another Delay As Unions Object Against Rescue Plan