The immediate liquidation threat of South African Airways (SAA) may be averted for now as announced by the Department of Public Enterprises (DPE) on Saturday. The new deadline for the proposed employment agreement has also been extended to May 1, 2020. DPE also acknowledged an agreement was reached in a meeting to establish “different cooperative […]
South African Airways (SAA) CEO Vuyani Jaraya has admitted that “tough decisions” are required in order to save the continent’s largest carrier from financial ruin. On the verge of collapse, Jaraya indicated a streamlining of the airline’s 10,000-plus workforce, as well as an assessment of the suitability of the airline’s current fleet, will be undertaken to […]
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