Senior pilots earn at least R3.6m a year, but trying to squeeze SAA dry – govt

South Africa News News

Senior pilots earn at least R3.6m a year, but trying to squeeze SAA dry – govt
South Africa Latest News,South Africa Headlines
  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 75%

The department of public enterprises says it's 'disappointed' in pilots seemingly not realising the airline is financially depleted and fighting for its survival.

The department of public enterprises says it’s ‘disappointed’ in pilots seemingly not realising the airline is financially depleted and fighting for its survival.

SAA went into business rescue in December last year, following years of losses and repeated state bailouts to the tune of R30 billion over the past ten years. The initial rescue plan said only 1 000 SAA’s almost 5 000 employees would be retained, and around 2 700 retrenched. In terms of the DPE’s proposal, another 1 000 could be placed in temporary skills development programmes and the rest retrenched.

In the view of the DPE, its VSPs and a vote to accept the proposed rescue plan would be “the most expeditious option” for the national carrier to restructure into “a new viable, sustainable, competitive airline that provides integrated domestic, regional and international flight services”.The DPE expects Saapa will insist on amendments of the rescue plan during Tuesday’s creditors’ meeting, warning it will be to the detriment of the future prospects of SAA.

“We maintain our stance that the status must change in the new SAA in that all employees must be treated equally,” said NTM president Mashudu Raphetha.“The NTM Pilot Forum has without wavering championed the cause of transformation, and redressing the imbalances of the past which had ensured that a minority of pilot community had enjoyed opulence at the expense of the entire SAA workforce, derived from their ‘evergreen contracts’ steeped in the pre-1994 mindset…,” said Raphetha.

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:

TheCitizen_News /  🏆 6. 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.

Tobacco ban has cost SA R3.5bn in excise taxes, companies tell RamaphosaFirms plead for lifting of cigarette sales ban, which they say has boosted illicit trade
Read more »

Navy divers who swore at senior officer, called him 'drunk' in hot waterA road-rage incident involving two navy divers and a senior officer has left the leading seamen in deep water at the military court in Simon's Town.
Read more »

BUSINESS MAVERICK OP-ED: SAA rescue plan reveals government’s tunnel visionBUSINESS MAVERICK OP-ED: SAA rescue plan reveals government’s tunnel visionWhat is the point of throwing everything at SAA when the rest of the air transport system and entire industries upon which SAA depends are collapsing?
Read more »

Tobacco ban has cost SA R3.5bn in excise taxes, companies tell RamaphosaFirms plead for lifting of cigarette sales ban, which they say has boosted illicit trade
Read more »

POLITICAL WEEK AHEAD: Vote on SAA rescue plan expectedPublic enterprises department has until Wednesday to come up with the money if proposal is accepted on Tuesday
Read more »

POLITICAL WEEK AHEAD: Vote on SAA rescue plan expectedPublic enterprises department has until Wednesday to come up with the money if proposal is accepted on Tuesday
Read more »



Render Time: 2025-03-13 05:27:48