Solidarity brings business rescue application to SAA | IOL Business Report

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Solidarity has revived its plans against the South African Airways (SAA) by announcing that it is bringing an application to place the cash-strapped airline into business rescue. busrep

JOHANNESBURG - Trade union Solidarity has revived its plans against the South African Airways by announcing that it is bringing an application to place the cash-strapped airline into business rescue.

Last year, Solidarity was already planning to bring a business rescue application against SAA, but decided not to proceed with the application after negotiations and an agreement with previous chief executive, Vuyani Jarana. In a media briefing today, Solidarity said it has served court papers on SAA and the ministers of finance and public enterprises, asking the court to put SAA in business rescue.

 

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