Millions more needed for SAA

South Africa News News

Millions more needed for SAA
South Africa Latest News,South Africa Headlines
  • 📰 eNCA
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

SAA's business rescue practitioners insist that only more funding will keep the airline in the air.

Numsa and the Cabin Crew Association have expressed dismay over the decision taken by SAA Business Rescue Practitioners regarding retrenchments. Courtesy of.

Numsa and the Cabin Crew Association have expressed dismay over the decision taken by SAA Business Rescue Practitioners regarding retrenchments. Courtesy of
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

eNCA /  🏆 49. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING NEWS: Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m
Read more »

Aviation expert company to chart new path for airline replacing SAA — GordhanThe job of the business rescue practitioners at SAA was to make the best possible effort to ensure there was a viable business at the end of the process, public enterprises minister Pravin Gordhan said on Friday.
Read more »

Gordhan, SAA business rescue practitioners trade accusations over rescue planMPs heard from SAA's business rescue practitioners that a lack of funding severely hampered their work, while Minister Pravin Gordhan questioned their spending decisions and future objectives.
Read more »

Cash-strapped SAA spends R10-bn of state bailout in four monthsThe troubled national airline, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, entered business rescue in December in a last-ditch bid to save the company.
Read more »

‘SAA 2.0’: New deal provides a lifeline - The Mail & Guardian‘SAA 2.0’: New deal provides a lifeline - The Mail & GuardianAirline brought back from the brink as rescue practitioners and Gordhan agree to work on a rescue plan by the end of June
Read more »

SAA unveils losses ranging in the billionsSAA’s financial statements, which will be presented to parliament on Friday afternoon — more than two years late, reveal substantial losses of R5.5bn in 2018 and R5.1bn in 2019.
Read more »



Render Time: 2025-02-28 21:17:54