Liquidation of SAA, SA Express not off the table

One business rescue practitioner says companies under business rescue can slip into a financially worse state.One business rescue practitioner says companies under business rescue can slip into a financially worse state.SAA Express ordered to undergo business rescueAcker adds that business rescue practitioners are still bound by the laws of the country and if they want to retrench staff members they can do so.

Meanwhile, the Companies and Intellectual Property Commission received the court order to have SA Express placed under business rescue.Logistics company Ziegler, field an urgent court application to have the airline placed under business rescue due to its financial mess.Until the airline files papers for leave to appeal, the business rescue process will remain in effect.Watch the full interview above for more on this story.

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SAA Express ordered to undergo business rescueSA Express has previously argued that there is no case for business rescue. ermbates Can MYANC PresidencyZA also be ordered to undergo business rescue?
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SAA cancels flights, moves ahead with restructuring - The Mail & GuardianThe struggling national carrier’s business rescue practitioners say the move to restructure the airline is a bid to return to profitability and to attract equity partners. Oh yes. Blacks only partners. Lovely. Typical.
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Unions vow to fight 'unlawful retrenchments' caused by SAA route closuresSAA | The unions said that instead of being consulted, labour was merely informed of the decision and its devastating consequences in respect of job losses. Unions caused the retrenchments, why are they crying? SAA procurement, procurement, procurement. Please can we get the names of the connected individuals with the fuel contracts, and any number of contracts at SAA? Les Matuson not to be trusted But, is it not the Unions who are the cause of SAA’s demise?
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Unions vow to fight 'unlawful retrenchments' caused by SAA route closuresTwo labour unions representing SAA staff members on Friday condemned the business rescue practitioners' decision to cancel 11 routes, which would inevitably lead to job losses. They should go on strike to show their dissatisfaction. See if that will fix SAA. The last one to leave must just please switch of the lights and lock the door behind them. These unions are part of the reason why SAA is so deep in trouble. IrvinJimSA ....do you remember the strike at SAA last year? That could have been handled better. Now you are fighting a losing battle.
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Unions concerned about job losses after SAA cancels domestic flight routes | IOL Business ReportNumsa and the South African Cabin Crew Association condemned a decision by the business rescue practitioners at SAA to cancel 11 routes, saying this would lead to job losses. busrep busrep Well the normal citizen is a bit 'keelvol' about paying your salaries all the time. Sorry, not sorry guys. Retrenchment is part of life. Start sending those CVs! busrep How the hell do unions think a business can operate & pay salaries with no income? It’s not rocket science you idiots! busrep NUMSA supports ANC, next..
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LIVESTREAM: SAA-related evidence in the spotlight at state capture inquiryUS company that received a tender to provide aircraft components has been in the spotlight at the state capture inquiry.
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