Solidarity to bring application to place SAA under business rescue - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Solidarity to bring application to place SAA under business rescue via SABCNewsOnline

When the union attempted to bring a similar application earlier, Public Enterprises Minister Pravin Gordhan held a meeting with it to discourage such a move.

If the airline is placed under business rescue, it could be put under some form of curatorship and have its management changed. The head of the Solidarity Research Institute Corné Mulder says, “If we continue on the current route, it’s almost inevitably on its way to failure. The financials are extremely dire and we are saying it’s very late in the day, but there’s still a chance although that window is closing. If we don’t do something radical to turn it around now, then there will not be an airline.”

 

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