Government to hand over control of SAA to restructuring specialist | IOL Business Report

JOHANNESBURG - The government will cede control of South African Airways to a restructuring specialist in a last-ditch attempt to save the cash-strapped business from collapse.

As part of a rescue plan started on Thursday, the government will hand the running of SAA to an as-yet unidentified specialist to make the sort of painful cuts that would be difficult for politicians to push through. SAA has been granted a R4 billion lifeline from the government and banks to launch the rescue plan, but that cash could only last for months, analysts say.

Don't fly SAA!!!!! Let it die!

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

DA pleased SAA will be put into business rescue | IOL Business ReportPravin Gordhan said that the next best option for embattled the state-owned South African Airways is to be placed into business rescue. Of course they will be, it’s been their tune for over a decade akere Can it be that afriforum “convinced”Luthulihouse ? WHO is pleased?
منبع: IOL - 🏆 46. / 51 ادامه مطلب »

Business rescue will allow SAA to continue operating in orderly, safe manner - Gordhan | IOL Business ReportThe business rescue announced for cash-strapped national carrier SAA will allow it to continue operating in an orderly and safe manner. busrep
منبع: IOL - 🏆 46. / 51 ادامه مطلب »

Government to place ailing SAA under business rescueThe move potentially draws a line under the crisis — if a rescuer can be found.
منبع: mailandguardian - 🏆 2. / 92 ادامه مطلب »

Government puts troubled SAA on business rescueGovernment has placed the embattled SAA on business rescue. In a media statement sent out on Wednesday, Cassius Lubisi, the secretariat of the cabinet, said SAA was placed on voluntary business rescue to prevent the cash-strapped airline from imploding. 'In this regard, SAA will have to urgently go into voluntary business rescue.
منبع: SowetanLIVE - 🏆 13. / 63 ادامه مطلب »