SAA business rescue plan wants R10bn from govt

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The plan for restructuring the airline will still see government having to find an equity partner to cover the costs, or come up with the money itself.

Late on Tuesday night, the embattled national airline’s business rescue practitioners filed their plan to save the airline – at a cost of more than R10 billion.

Government will have to find the money to cover employee severance packages as well as pay back creditors who kept the airline afloat after it went into business rescue in December last year,According to the plan, not much will change in terms of the routes SAA has been flying up to the business rescue coming into effect.

 

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Shut down SAA. Thats it. No more taxpayers money!!

Ag anc cadres are confortable serious this looting must stop now

There’s is still R5bn missing from Eskom

Moleko

When the F is the answer just going to be no ?

The ramabillions meant for the poor in this crisis going to saa and the taxi bosses..the others are already in the pockets of the crooks

And the clause if it fails? I would ensure there is a caluse signed with the unions too so if it doesn't work don't come whine you too will have to go get real job to earn a livining

SAA business rescue plan wants R10bn from SA Taxpayer. Fixed it

Taxi and aviation industry has the government by the balls

It's another scam!

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