Unions are up in arms over a proposal by Comair business rescue practitioners to double their fees for restructuring the airline.
The Kulula operator was placed in business rescue at the beginning of May. It was facing multiple headwinds and headed for its first loss in more than seven decades after swinging R564m into the red in the first half of the year as cost increases outstripped revenue growth. In the event of the plan not being adopted, the BRPs will have provided their services in terms of the outdated tariff and at less than half their standard rate, the spokesperson said.
“We accordingly reject this request with the contempt it deserves and we demand that employees at Comair must be paid all their outstanding salaries in full.”
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Government working on how to source funds for SAA business rescue: GordhanPublic enterprises minister Pravin Gordhan said on Sunday the funding government had committed for the business rescue plan for SAA was something that was still being worked on.
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