Search the Community
Showing results for tags 'saa'.
By John Bowker and Loni Prinsloo 18 de abril de 2020 06:04 BRT Updated on 18 de abril de 2020 14:49 BRT South African Airways plans to lay off its entire workforce after failing to persuade the government to provide more financial aid, a move that threatens to ground the 86-year-old carrier for good. The state-owned airline has offered severance deals to all 4,700 staff from the end of this month after administrators concluded that a successful turnaround is now unlikely, according to a proposal to eight labor groups seen by Bloomberg News. The basic value of compensation will be o
JOHANNESBURG, 5 December 2019. South African Airways (SAA) is today in a position to announce that the Board of Directors of SAA has adopted a resolution to place the company into business rescue at the earliest opportunity. As previously announced, the SAA Board of Directors and the Executive Committee have been in consultations with the shareholder, the Department of Public Enterprises (DPE), in an effort to find a solution to our company’s well-documented financial challenges. The considered and unanimous conclusion has been to place the company into business res
South African Airways has major issues. The airline continues to lose massive amounts of money, they have an inefficient fleet and route network, their CEO recently resigned, and the government can’t seem to decide just how involved they want to be in SAA’s turnaround (if it ever happens). Currently SAA’s long haul fleet consists of 27 aircraft, including a mix of A330s and A340s. These aren’t especially fuel efficient planes, and up until now the airline hasn’t really had any plans for modernizing their fleet. Well, it looks like that will be changing soon. South African Airways has ann