Johannesburg - South African Airways has put up for sale nine of its Airbus aircraft, according to a tender document seeking proposals from interested buyers that was seen by Reuters on Thursday.
Earlier on Thursday it was reported that SAA might have to suspend some flights and delay salary payments if the government can't come up with a plan soon to provide the R2 billion it promised the airline last month, a trade union official said on Wednesday. State-owned SAA entered a form of bankruptcy protection last month in an effort to rescue the company and 10 000 related jobs. At the time it was promised R2 billion from the government and R2 billion from lenders.
But unions briefed by the specialists appointed to turn around the carrier were told on Wednesday that the government had not yet been able to provide its portion of the funds and that the 2 billion rand from lenders had been exhausted, National Transport Movement president Mashudu Raphetha told Reuters.
No-one ever shrunk themselves to greatness...🤔
Sell mango also
Bye!
Political meddling led to this institution being plummeted to the ground. Eskom hit the touch line, you’ve got next.
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SAA selling nine Airbus planes and 15 spare engines - tender documentSAA has put up for sale nine of its Airbus aircraft, according to a tender document seeking proposals from interested buyers that was seen by Reuters on Thursday. Beginning of the end. Sad for the people who are going to loose their jobs. More misery for the people proudly brought to you by the anc and it's voters
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