Embattled national carrier SAA has announced various restructuring plans, including the closure of domestic, regional and international routes, the possible sale of assets and retrenchments.
Domestic routes operated by SAA subsidiary Mango will not be affected by the change in the national airline’s network. The business rescue practitioners intend to “explore viable investment opportunities with potential investors in respect of SAA” by looking into the sale of some of the airline’s assets and that of its subsidiaries.
“It is our intention to restructure the business in a manner that we can retain as many jobs as possible. This will help provide a platform to a viable and sustainable future. However, a reduction in the number of employees will unfortunately be necessary,” they said.
Oh yes. Blacks only partners. Lovely. Typical.
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