SACCA expresses serious concerns about SAA's future - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

SACCA has appealed to government to urgently release the funds to keep SAA's aircraft in the air

The South African Cabin Crew Association has expressed serious concerns about the future of South African Airways ahead of the expiry of Sunday’s deadline for the government to grant the embattled airline a R2 billion bailout. It has appealed to the government to urgently release the funds to keep the airline’s aircraft in the air.

SAA’s business rescue practitioner Les Matuson has been in meetings with Public Enterprises, Trade and Industry and Treasury officials since Saturday to discuss the airline funding crisis.In a statement released on Sunday, the Public Entreprises Ministry says, “The Business Rescue process is unprecedented.

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Unions call for accountability, want the entire SAA board to resign - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Numsa and the South African Cabin Crew Association have called for the immediate resignation of the entire South African Airways Board. And Pravin. This people must be fired. Not resigning. south Africans must take responsibility for their actions by stop blaming some Foreign nationals.embezzlemt n corruption are destroying e c`try,copy from EthiopiaAirWays.its not a crime coping something good.
Source: SABC News Online - 🏆 32. / 51 Read more »

SAA soldiers on without financial backingSunday's deadline extended after promises by the public enterprises department to secure capital from the Treasury to fund operations You ain't got my pernission to do this... Shoot the dead horse if you have to, but I ain't paying for the bullet. Any other company in business rescue would have just been closed down when “real” money dries up. Remember Highveld Steel? The whole SAA business rescue thing is just smoke and mirrors to buy more time. South Africans must choose between saving SAA or ESKOM. We can't eat our cake and still have it. South Africans can still fly Mango, Kulula, British Airways, KLM, Turkish Airways etc. but there is only ONE Eskom. Government must do the RIGHT thing, not the POPULAR thing.
Source: BDliveSA - 🏆 12. / 63 Read more »

SAA survival in the balanceGovernment has given undertakings to return to SAA's business rescue practitioners within a week on a way forward for the embattled airline. Is about time now, So Dudu Myeni is off the hook with SAA billions ANC is rotten. President Ramaphosa is still consulting the different ANC, SACP and Cosatu factions and trying to find a compromise and support before he actually does his job! What a weak spineless man! Sorry south africa we have no President!
Source: TimesLIVE - 🏆 28. / 59 Read more »

SAA survival in the balanceGovernment has given undertakings to return to SAA's business rescue practitioners within a week on a way forward for the embattled airline. That's still a mighty fine dead horse you got there, sir.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Martin Kingston quits SAA boardSAA board member Martin Kingston has resigned from the board of the ailing national carrier. Will more board members follow suit? Puff and pass. his pockets are full now. 💰💰 Finally, Rothschild is your time. I would run for the hills like a rat jumping from a sinking ship. That airline is finished, done.
Source: City_Press - 🏆 7. / 72 Read more »

SAA puts nine Airbus planes up for saleThe national airline could be forced to suspend flights by Sunday after R2bn in Treasury funding towards its business rescue did not materialise Who owns these planes? Or did the apartheid government provided assistance on the purchase of these planes? im not really concerned much about SAA,it can fall for all i care because the vast majority of our people cant afford to put a R10 loaf of bread on the table, let alone flying.but eskom is a different story it CANNOT fail,because everyone rich or poor uses electricity
Source: BDliveSA - 🏆 12. / 63 Read more »