ARTICLES RELATING TO BUSINESS RESCUE

Government 'must come to the party' on SA Express, says union

2020-02-23 09:42

The South African Transport and Allied Workers Union has slammed what it claims is the "hands-off approach" of the Department of Public Enterprises regarding state-owned airline SA Express.

Development Bank's R3.5bn bailout of SAA may be depleted by early March - Gordhan

2020-02-19 12:32

'Nobody is going to offer you anything for SAA now. You could pick it up for R1,' the minister of public enterprises told MPs.

Union suspects there could be a 'secret plan' to sell SAA

2020-02-13 14:09

Numsa suspects there is a secret plan to sell SAA "to someone waiting in the wings" and Fin24 tries to establish if this could indeed be the case.

SAA pilots hope airline will be saved - but if that fails, there's always the Middle East

2020-02-10 21:00

If it takes job cuts to make SAA sustainable, the state-owned airline's highly regarded pilots could find alternative opportunities in a region like the Middle East, where there is a huge demand for pilots, says the chair of the SAA Pilots Association.

SAA business rescue: to interfere or not to interfere, that is the question

2020-02-08 15:25

Should government interfere in the business rescue decisions by the duly appointed business rescue practitioners of embattled South African Airways or not?

Planned SAA route cuts: Consumers could end up paying more to fly

2020-02-07 21:45

The gap in supply left by SAA planning to cancel a number of routes and reduce some frequencies, could mean increased airfares for consumers, warns an aviation expert.

SAA plans to accelerate job cuts - Numsa

2020-02-05 19:16

SAA is accelerating plans to reduce its wage bill and intends to implement deeper job cuts than previously announced, according to a labour union official.

SA Express 'terribly distressed', court hears

2020-01-28 19:59

The High Court in Johannesburg has reserved judgment in an application brought by a private logistics company for SA Express to be placed in business rescue over unpaid debt.

SAA's business rescue practitioners may have a date with Parliament

2020-01-22 14:09

The struggling flag carrier this week cancelled a number of flights in an effort to save cash.

Get rid of international business to save SAA - expert

2020-01-16 20:05

Getting South African Airways into fit-for-purpose shape would mean getting rid of its international business, claims a source with inside knowledge of the airline's operations and financial situation.

 

'Non-negotiable' for SAA to hand over its financials, says chair of oversight committee

2020-02-19 17:50

While Parliament’s Standing Committee on Public Accounts is "alive to the prevailing realities" at SAA, chairperson Mkhuleko Hlengwa says it is non-negotiable that the airline must hand over its financial statements.

Flight Centre selling SAA tickets again

2020-02-14 16:06

Flight Centre has decided to start selling SAA tickets again as its preferred travel insurer reinstated travel supplier insolvency cover to the state-owned airline.

Alliance partners back Ramaphosa 'disapproval' of SAA route cuts

2020-02-12 17:45

The tripartite alliance has backed President Cyril Ramaphosa in condemning the South African Airways business rescue practitioners' decision to cancel all domestic routes barring Johannesburg-Cape Town.

SAA business rescue practitioners defend route cancellation

2020-02-09 11:27

SAA's Business Rescue Practitioners announced this past week that it would cancel a raft of domestic air travel routes, eliciting a strong rejection from organised labour. On Friday afternoon President Cyril Ramaphosa said he also disagreed with the decision.

Scrap 'untenable' SAA route cancellations, protect workers, but turn SAA around - SACP

2020-02-08 12:38

The SA Communist Party wants the recent plans announced by the SAA business rescue practitioners to be "rescinded as a matter of urgency".

SAA could dispose of lucrative landing slots, says insider

2020-02-07 14:42

As part of the quest to improve the liquidity of South African Airways, its business rescue practitioners are considering the potential sale of selected assets.

Development Bank says R3.5bn SAA loan may have saved airline from liquidation

2020-02-04 11:54

The Development Bank of Southern Africa's leadership tells Parliament the transaction falls within the scope of the bank's investment targets.

SAA business rescue adds to SA Express financial woes - court papers

2020-01-23 05:00

A former supplier of SA Express says the airline's financial position is worsened by the fact that one of its debtors, SAA is currently under business rescue.

SAA uncertainty: What you need to know if you have a ticket or intend to buy one

2020-01-21 08:15

A question frequently asked since South African Airways was placed into business rescue in December last year is what would happen if the embattled state-owned airline were liquidated.

SAA: Selling of aircraft has nothing to do with business rescue - we're accommodating a new fleet

2020-01-16 17:38

SAA's decision to sell some of its aircraft has nothing to do with the voluntary business rescue process it is currently in, says the cash-strapped state-owned airline.

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