Siviwe Dongwana and Les Matuson initially told workers and creditors they hoped to publish their plan by the end of this month.
Dongwana and Matuson want their completion date extended until May 29, which they hope will allow for sufficient time to determine the full effects of Covid-19 on SAA. SAA started the facilitating the process of retrenching hundreds of workers on Friday at the Commission for Conciliation, Mediation and Arbitration, and hopes the process will end on May 8.
“It is quite clear that SAA will experience difficulties in completing the plan without having substantially concluded the section 189 process with the consulting parties,” they said. According to the practitioners, SAA has a number of foreign creditors who will not be able to travel to South Africa due to the measures put in place by the government to fight Covid-19.
If successful airlines are struggling during these times, how will SAA cope
It will take very much longer than 2 months to sort out the SAA mess created by the ANC !! Sooner than later, the Covid-19 excuse is going to wear very, VERY THIN !!
SAA has been dead since this 'government' started interfering with what what was a viable enterprise. It has been dead and kept alive on life support through the hard earned taxes of the public. Pull the plug on it now and move on. It's another anc fuck up.
Because of this CoronaVirusSA disaster, we should not even be talking about rescuing Flysaa. We simply have much higher priorities. It had been dead for a while this airline, please use that energy elsewhere.
Again?
Saa rescue is like a bad play that should have been shut down long ago
What extension do they want? They have been there for over 4 months now. I think there is interference from government or WMC
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAA business rescue needs another delay due to Covid-19The business rescue practitioners cite Covid-19’s detrimental effect on the airline industry globally and the weaker rand
Source: BDliveSA - 🏆 12. / 63 Read more »