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BREAKING NEWS: South African Airways to take business rescue route

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4th Dec 2019 | Elizabeth Sasu

SAA is to be placed in business rescue, it emerged on Wednesday night.

In a letter to cabinet ministers and deputy ministers  presidency director-general Cassius Lubisi  informed the executive that President Cyril Ramaphosa had made the decision that the airline should enter business rescue in order to address its “dire situation”.

An official statement is expected later on Wednesday.

In the letter Lubisi states that business rescue “is the only viable route open to the government to avoid an uncontrolled implosion of the national airline”.

“The voluntary business rescue process approach will prevent liquidation applications by any of SAA’s creditors, which would land the airline in an even worse position,” says Lubisi.

Source: businesslive

Written by: Adwoa Sasu

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Aircraft Maintenance Graduate Trainee Program

4th Dec 2019 | Elizabeth Sasu Africa World Airlines, voted the Best Airline in West Africa - 2019 is searching for passionate and self motivated engineering graduates who have completed their National Service into the above programme. Candidates who excel during the 6 month programme will be considered for full time employment. In view of this, graduates with the below qualifications who are interested shounld send their CV's to careers@flyafricaworld.com before the 6th of December, 2019. 1st degree in Aerospace, Mechanical […]

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