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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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......»»

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

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

South Africa’s 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......»»

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......»»

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 .....»»