SAA board unanimously backs business rescue

The board of SAA is fully behind putting the national carrier in business rescue. Picture: SAA

SAA said on Thursday its board of directors had unanimously agreed to place the company into business rescue at the earliest opportunity. The embattled airline said it would operate a new provisional timetable and would publish details shortly, while subsidiary airline Mango would continue as scheduled.

Public enterprises minister Pravin Gordhan said on Wednesday business rescue was the best way of avoiding a disorderly implosion of the airline.

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SAA board unanimously backs business rescueThe embattled state carrier says it wants to do this at the ‘earliest opportunity’ Hands up if you think we're fucked Just close SAA. Rescue costs too much money. International and financial markets are afraid of touching or flying SAA. It is finished. Stop flogging a dead horse. Just put it out of it’s misery! Please!! Offcourse the board would back it.. we are passed beating a dead horse now... They are necrophiliacs. They look at the dead horse covered with maggots, flies and rotting flesh and think to themselves: 'That's hot'
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Uncontrolled SAA exit would hurt economic growth, regional airlines association says | IOL Business ReportAn uncontrolled exit of SAA from the air transport industry would result in slowed or even negative economic growth if no contingency measures could be implemented, AASA has said. busrep
Source: IOL - 🏆 46. / 51 Read more »

Unions want a hand in choosing SAA business rescue practitionerThere should be more than one practitioner, and unions want to be involved to ensure transparency, they say. Thats not the way business rescue works dummy.....you not buying a taxi with your conrade MbalulaFikile Isn't ths process suppose to be done by the board members, through a resolution? Bcz now we hear all sorts of stuff, evn PG involved in the selection of the practitioners. What's happening nah? Unions must listen to SHAMILLA BATOHI Remove Political Power as a Hideout for the Corrupt This is the Sum Total of our Current Situation as a Country
Source: TheCitizen_News - 🏆 6. / 75 Read more »