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A South African A340 (Photo: AirlineGeeks | James Dinsdale)

South African Airways Liquidation Unlikely for Now

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 relationships based on a spirit of strategic partnership," following political grandstanding between the Business Rescue Practitioners (BRPs) and the workers’ union who are accusing the…

South African Airways to Begin Restructuring to Combat Financial Woes

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…