Is SAA acquisition still viable after Gidon Novick resignation? | The Citizen

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🛫Takato CEO casts doubt on whether The Department of Public Enterprises' mission to save SAA is still viable. Catch up on the story here: SAAbailout

The Department of Public Enterprises has reiterated its commitment to save South African Airways .

This comes after questions were raised whether the acquisition of the embattled airline was still viable following the resignation of the Takatso consortium’s director.South African aviation industry tycoon and the former CEO of Comair and co-founder of Lift Gidon Novick this week announced his resignation as a director of the Takatso consortium which is negotiating to acquire 51% of SAA.

“This distortion of facts will not succeed in derailing the creative solutions to ensuring a positive future for the airline, its pilots and staff,” it said.ALSO READ:SAA viability The DPE said the public should be aware of the efforts of competitors, detractors, and other forces to undermine government’s efforts to save jobs and ensure a viable airline.The DPE said it is confident that as a strategic equity partner, Takatso will introduce the required technical, financial, and operational expertise into the business.

Gordhan was called to brief the parliamentary oversight Standing Committee on Public Accounts this week during which he dismissed the resignation of Novick as “argy-bargy”.

 

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