New airline may rise from ashes
With SAA downed by debt and revenue loss, the discussion has moved on to finding about R2.2-billion for severance packages — and possibly a new airline emerging from the state-owned airline’s ashes.
British Airways is looking to lay off 12000 of its 42000 workforce as it cuts the size of the airline in the face of reduced travel, a situation that could last for years,These airlines entered the Covid-19 world in a far better position than SAA, which has had years of mismanagement and corruption, resulting in it hemorrhaging money.
His department, and the government, have however been consistent in intervening in the business rescue process to extend the existence of the airline. The National Transport Movement has told its members not to sign the agreement until the lapsing of the section 189 process on May 8.
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