SAA to undergo ‘radical restructuring’: Gordhan

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'The airline group will now go through a radical restructuring process which will ensure its financial and operational sustainability. There is no other way forward.'

He said that government backed a national airline, but only if it was “viable, sustainable [and] profitable”.But before this could happen, SAA needed to get funding to keep the business running.

“Over the past few days there has been intense discussions with lenders to secure the necessary funds to cover the operational and structural transition over the next few months. “It is our collective responsibility as South Africans to support SAA in its efforts to restore sales confidence among its customer base and rebuild revenues in the shortest possible time.“SAA is determined to remain open for business. Management is also committed to ensure financial sustainability going forward,” the statement read.

Gordhan concluded that marketing campaigns to rebuild lost confidence will be put in place, and the board and management would “take bold initiatives to increase its market share”.

 

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Long overdue and if the unions dont want that they must bail it out

Political claptrap. What does 'radical restructuring' mean? How many years will it take to radically restructure? How many more bailouts? Does anyone in the know actually know what they are doing? I doubt it

I think , Mr Minister, come clean with us if this “radical restructuring “does not work. What do you intend to do - hope you not going to bail them out with taxpayers money again and again and again....

The unions r against any restructuring even if it means flysaa is crippled

SAA is NOT our collective responsibility. Guavament must be held accountable, heads must roll, and tax contributors must be appeased and apologized to. It is NOT our collective (meaning only Joe Taxpayer’s) responsibility to allow guavament to perpetuate the looting GetAClue

This will have to mean retrenchment at a massive scale.. Otherwise the closure of SAA.. Well done to the unions...welcome to the real world....you are truly fucked now... Enjoy

“Radical Restructuring” 😂😂😂 = anc ‘speak’ for fucked beyond repair.

Just do it already! It would even be more feasible to shut it down and auctio the assets.

I doubt the unions will allow it. Common sense is not part of their particular mindset!

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