Solidarity brings business rescue application to SAA | IOL Business Report

JOHANNESBURG - Trade union Solidarity has revived its plans against the South African Airways by announcing that it is bringing an application to place the cash-strapped airline into business rescue.

Last year, Solidarity was already planning to bring a business rescue application against SAA, but decided not to proceed with the application after negotiations and an agreement with previous chief executive, Vuyani Jarana. In a media briefing today, Solidarity said it has served court papers on SAA and the ministers of finance and public enterprises, asking the court to put SAA in business rescue.

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.

Pravin Gordhan says there’s no money for SAA wage demand | IOL Business ReportPublic Enterprises Minister Pravin Gordhan has washed his hands of strike-ridden SAA, telling the national carrier and unions that the government could not afford the unions’ wage demand, as it had no additional funding. busrep
Source: IOL - 🏆 46. / 51 Read more »

SAA turbulence may just sink the state-owned airline's liquidity | IOL Business ReportSA Airways chairperson of the board implementation committee Martin Kingston warned that the embattled airline’s liquidity was on the brink of collapse. busrep
Source: IOL - 🏆 46. / 51 Read more »

'We're open for business' - Five key takeouts from SAA updateSAA international flights are in full operation mode, while a limited number of regional flights started operating from Tuesday, said acting CEO Zuks Ramasia.
Source: TimesLIVE - 🏆 28. / 59 Read more »

'We're open for business' - Five key takeouts from SAA updateSAA international flights are in full operation mode, while a limited number of regional flights started operating from Tuesday, said acting CEO Zuks Ramasia.
Source: SowetanLIVE - 🏆 13. / 63 Read more »