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Rescue Plan Approved for Embattled South African Airline

The Department of Public Enterprises has urged pilots to accept South African Airways' voluntary severance packages. This comes as a majority of the embattled airliner's creditors voted in favour of the SAA business rescue plan and allow commercial banks to be paid the U.S.$113.6 million owed to them.

South Africa: Creditors Approve SAA's Business Rescue Plan As the Airline Gets a New Interim Boss

Daily Maverick, 14 July 2020

About 86% of creditors have voted in favour of the SAA business rescue plan, meaning that the airline will, for now, avoid liquidation. Meanwhile, Philip Saunders is the new SAA… Read more »
South Africa: DPE Urges Pilots to Accept SAA Severance Packages

SAnews.gov.za, 14 July 2020

The Department of Public Enterprises (DPE) has called on individual pilots to accept South African Airways Voluntary Severance Packages (VSPs) ahead of a crucial business rescue… Read more »
South Africa: SAA Rescue Plan Reveals Govt's Tunnel Vision

Daily Maverick, 13 July 2020

What is the point of throwing everything at SAA when the rest of the air transport system and entire industries upon which SAA depends are collapsing? Read more »
South Africa: Public Enterprises Dismayed At SAA Pilots Demands

Govt of SA, 13 July 2020

DPE dismayed at SAA pilots' insistence to further cripple the airline Read more »
South Africa: Public Enterprises Calls On Creditors, Unions and Other Stakeholders to Vote in Favour of a Business Rescue Plan for SAA

Govt of SA, 13 July 2020

The Department of Public Enterprises (DPE) calls on creditors, unions and other stakeholders to vote in favour of a business rescue plan for SAA tomorrow as this is the only… Read more »
Africa: African Airlines Take Off With Clipped Wings

DW, 7 July 2020

The COVID-19 pandemic brought everyday air traffic to a halt. But African airlines are preparing to take to the skies once more. Many airlines are facing a difficult path ahead to… Read more »