Former South African Airways (SAA) board chairperson Dudu Myeni has lashed out at the Commission of Inquiry into State Capture and political structures for failing to fully investigate corruption and fraud allegations against the airline’s former CEO Coleman Andrews and the board.
The Business Rescue Practitioners at South Africa Airways (SAA) have been ordered by the Labour Court in Johannesburg to withdraw their retrenchment consultation notices with the court saying the issuing of the notices was procedurally unfair.
Aviation experts says the decision by South African Airways (SAA) to suspend all its international flights will eventually push the airline to either liquidation or to re-starting on a new slate
The Development Bank of Southern Africa (DBSA) says it had to provide a R3,5 billion loan to SAA to prevent it from collapsing or being liquidated.
South African Airways(SAA) says the restructuring process being undertaken by the business rescue practitioners, will aim to preserve jobs where possible.