ARTICLES RELATING TO BUSINESS RESCUE

Public Enterprises to study liquidation application by SA Express business rescue practitioners

2020-03-30 12:16

The state-owned airline's business rescue practitioners on March 25 lodged an application in Pretoria High Court for SAX be placed in provisional liquidation.

While other airlines are offering free rebookings due to Covid-19, at SAA ‘normal rules’ apply

2020-03-13 05:44

SAA’s business rescue practitioners previously said a global decline in travel due to coronavirus is set to worsen the situation at the carrier.

SAA begins consultations, 4 700 jobs affected

2020-03-09 16:57

The business rescue practitioners of SAA contemplate that all 4 708 employees will be affected by notices sent out on Monday.

Mabuza: South Africans love SAA, so we won’t let it go

2020-03-04 05:00

Deputy president David Mabuza told Parliament on Tuesday afternoon that while its business rescue process continued, government had no intention of relinquishing its ownership of South African Airways, because "South Africans love the airline".

How to gauge if a company is broke

2020-03-03 14:50

There’s a range of calculations that can show investors whether a company’s financial house is in order or not.

'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 salaries paid up for March, say business rescue practitioners

2020-03-26 19:47

Salaries for March at embattled state-owned airline SAA were paid in full on Thursday, according to one of the joint business rescue practitioners, Siviwe Dongwana.

Will the coronavirus spell the end of SAA?

2020-03-12 15:32

The impact of the coronavirus pandemic on the already-embattled SAA will likely strengthen the hand of the airline's business rescue practitioners, says an economist.

SAA business rescue practitioners on leaked rescue plan: Various drafts doing the rounds

2020-03-04 20:10

The business rescue practitioners of SAA have circulated a number of drafts to relevant stakeholders for comment, Fin24 was told on Wednesday evening.

Airlink loses court bid to recover ticket sale funds from SAA

2020-03-03 15:52

SAA is not compelled to pay over money it is holding on behalf of privately-owned regional airline Airlink, the Gauteng High Court rules.

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.

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