South African Airways Teeters On Financial Precipice

South African Airways (SAA) is on the ropes after years of financial mismanagement and a costly eight-day strike in November, with government officials clashing over whether another bailout is in .....»»

South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse......»»

South African Airways said in a statement it could cut more than 900 jobs as it undergoes restructuring in the face of severe financial losses. Serena Chaudhry reports......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

South African Airways (SAA) has spent just under 10 billion rand ($539.94 million) since it entered business rescue, a form of bankruptcy protection, Business Rescue practitioners said on Friday......»»

South African Airways South African Airways will no longer.....»»

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds......»»

Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that the two remaining options were a wind-down process or placing the company into liquidation......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Ethio­pian Airlines has become the loudest proponent keeping travel and trade links open with China. Six other African airlines, including Kenya Airways and South African Airways, have suspended their flights......»»

South African Airways South African Airways recently debuted its newest aircraft, the Airbus A350-900 XWB, on the Johannesburg-Ne.....»»

Plans to cut some of South African Airways' (SAA) domestic and international routes are aimed at making the airline sustainable and free from government funding after restructuring, experts appointed to try to rescue the company said on Sunday......»»

Cash-strapped state carrier South African Airways (SAA) said on Thursday it would "cancel and consolidate selected flights" to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch......»»

State-owned South African Airways has announced a number of flights will be canceled in a bid to lower costs. David Doyle reports......»»

South Africa's struggling state-owned airlines said on Monday that flights to all destinations are operating as normal, as government discussions continue to try and rescue the carrier. Sisipho Skweyiya reports......»»

South African Airways (SAA) signed a wage deal with trade unions on Friday to end an eight-day strike that brought the cash-strapped state airline to the brink of collapse......»»

South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline......»»

South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April......»»