State wants 'new, financially viable' airline from SAA business rescue

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Singapore News News

In a statement on Tuesday night, public enterprises minister Pravin Gordhan said the government would work with unions to make this happen.

The government and unions representing SAA staff on Tuesday held tough talks of possible ways to cushion the blow to thousands of staff members, should the ailing airline have its wings clipped.Once the dust has settled on the SAA business rescue process, the government wants a “new, financially viable and competitive airline” to emerge.

The government and unions representing SAA staff on Tuesday held tough talks of possible ways to cushion the blow to thousands of staff members, should the ailing state-owned airline indeed have its wings clipped. A statement from Gordhan revealed that the closure of the airline was discussed, with solutions being presented on how to spring a new, more fruitful airline.

“There was consensus that the unions would work with the government to ensure that a new, financially viable and competitive airline emerges from the business rescue process,” the statement read.a consultative forum would be established to “advance dialogue and consultation on the process ahead”, and

there would be a sharing of ideas on how best to ensure the wellbeing of employees at this challenging time.

 

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