Advertisements



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 .....»»

Category: earningsSource: benzingaDec 2nd, 2019

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 .....»»

Category: earningsSource: benzingaDec 2nd, 2019

Strike pushes South African Airways to brink of collapse

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......»»

Category: topSource: reutersNov 20th, 2019

More than 900 jobs at risk, says South African state airline

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......»»

Category: videoSource: reutersNov 12th, 2019

South African Airways inks deal to end eight-day strike

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......»»

Category: topSource: reutersNov 22nd, 2019

South African Airways agrees deal to end eight-day strike

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......»»

Category: topSource: reutersNov 22nd, 2019

South African Airways signs wage deal with non-striking union

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......»»

Category: topSource: reutersNov 22nd, 2019

South African Airways running out of cash as unions seek to expand strike

South African Airways (SAA) is running out of cash and could be liquidated if the government doesn't give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike......»»

Category: topSource: reutersNov 20th, 2019

Unions up ante at South African Airways as finances approach crunch

Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said......»»

Category: topSource: reutersNov 20th, 2019

Strike certificate issued at South Africa"s Comair: union

A strike certificate has been issued at South African airline Comair as part of a secondary strike against South African Airways, a spokeswoman for the National Union of Metalworkers South Africa said on Wednesday......»»

Category: topSource: reutersNov 20th, 2019

South African Airways needs government loan guarantee or risks liquidation: board member

South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day......»»

Category: topSource: reutersNov 20th, 2019

Strike-hit South African Airways says only a deal with unions will end crisis

South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, as the government said it has no more money for the cash-strapped state carrier......»»

Category: topSource: reutersNov 19th, 2019

Strike-hit South African Airways says state will not come to the rescue

South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, with no prospect of more money from the government......»»

Category: topSource: reutersNov 19th, 2019

Public Enterprises minister to meet striking unions at South Africa"s SAA

South Africa's Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages at the embattled South African Airways (SAA) that has entered its fifth day......»»

Category: topSource: reutersNov 19th, 2019

South Africa"s SAA workers start strike that could cripple airline

Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance......»»

Category: topSource: reutersNov 15th, 2019

S.Africa"s state airline cancels flights as it faces a strike

South African Airways has canceled upcoming flights for Friday and Saturday as it battles a looming strike by employees over wages and plans to cut jobs. Serena Chaudhry reports......»»

Category: videoSource: reutersNov 14th, 2019

South African Airways Plans To Restructure, Cut Jobs; Unions May Strike

Loss-making state-owned flag ca.....»»

Category: blogSource: benzingaNov 14th, 2019

South African Airways may fire a fifth of its workforce as part of restructuring

South African Airways has started a restructuring process that could see the cash-strapped state-owned carrier cut its workforce by almost a fifth......»»

Category: topSource: moneycentralNov 12th, 2019

South African Airways in talks with potential partners

South Africa‚Äôs embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday. Matthew Larotonda reports......»»

Category: videoSource: reutersOct 14th, 2019

Departures at South African state firms could drag out Ramaphosa"s reforms

President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other......»»

Category: topSource: reutersJun 4th, 2019

The Best and Worst Airlines and Airports of 2018: AirHelp

Along with their on-time performance records. Last summer, on a bucket list trip through Southern Africa, I took a total of six flights with South African Airways. On the first one, a 15-hour trip from New .....»»

Category: europeSource: fortuneJun 6th, 2018