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SAA grants "voluntary severance packages" approval to over 3,000 employees
South African Airways (SAA) have granted the approval of over 3,000 employees for the voluntary severance packages.
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SAA
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Report: Government in touch with private entities showing interest in SAA
A report was brought by Bloomberg that government and advisers from FirstRand's Rand Merchant Bank had initiated negotiations after they received four promising proposals.
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SAA to finalise implementation of the rescue plan
The Public Enterprises Department has said they are working around the clock to make finalisation on the implementation of SAA's business rescue plan.
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SAA business rescue practitioners hope for clarity on government's backing
South African Airways (SAA) business rescue practitioners expect clarity by Monday on whether government will financially back the airline.
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Tito Mboweni says public pension would be used to lift SAA
Set to trigger the retrenchment of about 3 000 staff, the airline is undergoing a major face lift. It’s likely to return to service under a different name, with a completely new management team and operating style.
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SAA Pilots' Association welcomes appointment of interim CEO Philip Saunders
SAA Pilots Association (Saapa) says it hopes the appointment of Philip Saunders as interim CEO of the soon-to-be revitalised national carrier marks an important step