The government wants to interfere with business rescue practitioners over SAA

The president and department of public enterprises are unhappy with the decision by the business rescue practitioners to cut certain routesThe government is not happy with the decision by SAA’s business rescue practitioners to cancel some local and regional flights, and may attempt to force their hand on the matter.

The department believes the move to cancel the routes will cause market and customer uncertainty that may jeopardise the long-term future of the airline, it said. “This will necessitate a review of the business rescue practitioners’ recent announcement. Our submission will include a proposal that the route network changes announced by the business rescue practitioners be reviewed to ensure the sustainability of the airline.

"The SA government had already communicated to the business rescue practitioners that the rescue plan to be developed by the business rescue practitioners should result in a restructured SAA, a national carrier which is sustainable and viable in the future,” said the statement. “We are not in agreement with what the business rescue practitioners have come up with ... that those domestic flights should be cancelled,” said Ramaphosa. “We want to find out what the rationale is. We want to have a discussion with them because SAA is not only a great symbol for the country but also an economic enabler.”

Our cabinet needs to repeat Grade 10 economics...

The Business Rescue project was just cosmetic; the real decision-makers probably sit at Luthuli House. 1: 'You can paint the car any colour as long as it is black!' (Henry Ford). 2: 'Do what you need to do to save SAA, but don't cut jobs, don't privatise and don't sell SAA!'

They did so for years and effectively liquidated SAA. They want to ride a dead horse?

Can’t keep their grubby mits off!!!

Why shouldn’t they? The citizens of South Africa are against this nonsense of cancelling domestic flights.

Government can give everything and offer anything...its matter of when and how. Privatization is a must

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unions concerned about job losses after SAA cancels domestic flight routes | IOL Business ReportNumsa and the South African Cabin Crew Association condemned a decision by the business rescue practitioners at SAA to cancel 11 routes, saying this would lead to job losses. busrep busrep Well the normal citizen is a bit 'keelvol' about paying your salaries all the time. Sorry, not sorry guys. Retrenchment is part of life. Start sending those CVs! busrep How the hell do unions think a business can operate & pay salaries with no income? It’s not rocket science you idiots! busrep NUMSA supports ANC, next..
Source: IOL - 🏆 46. / 51 Read more »