All South African Airways articles – Page 4
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NewsSAA defies shutdown as unions claim labour court victory
South African Airways is to continue conducting services for the time being, defying the 8 May date for cessation of operations given by the airline’s business rescue practitioners Unions are claiming a Labour Court victory after they brought a case to halt a retrenchment process for the carrier’s personnel. ...
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News
SAA on brink as government scrambles to defer ‘drop dead’ date
South Africa’s government is urgently trying to extend the period of operations for South African Airways after the carrier’s business rescue practitioners warned that 8 May would amount to a “drop dead” day when all flights would cease. The country’s public enterprises minister, Pravin Gordhan, outlined to a parliamentary ...
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News
Opposition heaps scorn on detail-light plan for SAA transformation
South Africa’s political opposition is insisting the government detail an agreement with South African Airways unions setting out plans to establish a successor to the crumbling flag-carrier. In a response accusing the department of public enterprises of undermining SAA’s business rescue practitioners, the Democratic Alliance says it will seek ...
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Analysis
How would SAA collapse affect South Africa’s airline connectivity?
If South African Airways fails to find a way through its current funding crisis, it could leave a big hole in its home country’s connectivity, depending on which routes are considered viable as coronavirus restrictions are lifted.
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Podcast
Airline Business podcast: What will industry look like when flying restarts?
With talk in some regions turning to how airline markets might open up again as coronavirus cases peak, Graham and Lewis examine the current state of the industry and where it might be heading. Among the topics considered, they look at Virgin Australia’s demise and the moral hazard faced ...
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News
South African government presses unions for concessions to rebuild SAA
South Africa’s government is pressing unions to avert a collapse of South African Airways and ensure that the business rescue strategy results in the emergence of a more competitive carrier. It has asked unions to submit proposals on restructuring the carrier and, in particular, details on the future of ...
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Analysis
Coronavirus crisis threatens to push South African carriers over the edge
While the coronavirus pandemic has had a wide-ranging impact across African carriers, the timing of the crisis has been particularly calamitous for South Africa’s struggling airline sector.
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News
South African Airways acting chief takes early retirement
South African Airways acting chief executive Zuks Ramasia will retire on 14 April, less than a year after assuming the position.
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News
South African Airways suspends all international services
South African Airways is immediately cancelling all international services until the end of May.
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News
SAA launches airline-wide consultation on job cuts
Administrators for South African Airways have launched a consultation covering its almost 5,000 staff members on job cuts as it bids to restructure its workforce for a slimmed-down operation.
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News
SAA's 'complex' rescue plan pushed back to end-March
South African Airways’ restructuring plan has been pushed back to the end of March, as the airline’s business rescue practitioners seek further time to address the complexity of the effort. The practitioners have informed that the extension of the deadline to publish the plan – from 28 February to ...
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News
Government sets aside $1bn to cover SAA guaranteed debt
South Africa’s government has set aside R16.4 billion ($1.1 billion) over the medium term for South African Airways to repay guaranteed debt and to cover debt-service costs. The national treasury has disclosed the figure in its newly-released 2020 budget review. It states that the government also anticipates that ...
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News
Auditor general’s office details ‘dire’ state of SAA organisation
South Africa’s auditor general’s office has testified to the chaotic condition of South African Airways’ organisation during a judicial commission examining allegations of corruption and fraud in state companies. The office participated for the first time in the audit of SAA’s full-year financial statement covering 2016-17. SAA was experiencing ...
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Analysis
Why South African Airways network cuts prove painful to implement
One thing perennial struggler South African Airways has not been short of over the years is restructuring plans. Its latest, proposed under formal restructuring, features a further retrenchment that continues the paring back of its network.
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News
Franchise partner Airlink steps in to retain four axed SAA routes
Airlink is to continue operating in its own right four of the routes being axed by its franchise partner South African Airways at the end of the month.
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News
SAA slashes network as it strives for profitability
South African Airways is cutting around half of its long-haul routes and almost all of its domestic network, the flag carrier’s “business rescue practitioners” have disclosed as they seek to transform it into a sustainable and profitable business.
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News
South African president refers SAA allegations to special investigators
South African president Cyril Ramaphosa has authorised investigators to probe allegations of maladministration, corruption or unlawful conduct at South African Airways dating back to at least 2002. Ramaphosa’s order to refer the allegations to a special investigation unit has been disclosed in a declaration in the official government gazette. ...
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News
SAA secures critical funding while business rescue plan is finalised
South African Airways has secured offers from a financial institution to provide the additional critical funding necessary to bridge the period until its business rescue plan is adopted. The beleaguered flag-carrier says its business rescue practitioners have held “fruitful” discussions with the Development Bank of Southern Africa, based at ...
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News
SAA should be retained and restructured: ruling party
South Africa’s ruling political party insists that embattled South African Airways should be restructured and retained as the country’s flag-carrier. The African National Congress made the declaration following strategy meetings of its national executive council over 17-20 January. It states that SAA should be “retained as a national ...
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News
Struggling SAA insists flight operations are continuing
South African Airways is maintaining operations for the time being, despite apparent increasing uncertainty over the ailing flag-carrier’s financing. The airline says it is “aware” of local media reports suggesting the airline is on the verge of ceasing operations. But it insists that flights to all destinations “continue ...
