SAA to announce next step after Solidarity’s application for business rescue

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The union confirmed it had served court papers on SAA and Public Enterprises Minister Pravin Gordhan, asking the High Court in Johannesburg to give the go-ahead for business rescue.

JOHANNESBURG - While South African Airways employees deliberate on the latest wage offer, the airline said it was still studying trade union Solidarity’s business rescue application and would announce its plan of action soon.Solidarity said the government had lost control, saying it hoped the High Court in Johannesburg would appoint a business rescue practitioner.

Spokesperson Anton van der Bijl said: “On the saving of SAA, we’ve decided we can’t wait any longer.” Meanwhile, SAA’s Tlali Tlali said they would study Solidarity’s application before making a pronouncement. “Based on their reasons and the merits of this case, we will form a legal response to their application.”

If Solidarity's application is successful, this would be the first time that a state-owned enterprise is placed under business rescue.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

boycottSAA

United States United States Latest News, United States United States Headlines

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

'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 »