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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 can still be saved with funding: administrators

South African Airways (SAA) can still be saved if it gets the necessary funding, the state-owned airline's administrators said on Wednesday, adding they were talking to the government about a potential restructuring......»»

Category: topSource: reutersMay 27th, 2020

Administrators deny South African Airways set to start flying

Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier......»»

Category: topSource: reutersMay 27th, 2020

South Africa"s SAA aims to resume domestic flights from mid-June

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at curbing the spread of the coronavirus ease, spokesman Tlali Tlali said on Tuesday......»»

Category: topSource: reutersMay 27th, 2020

South African Airways" future is in jeopardy as its government cuts funding. Here"s a look back at the 86-year-old national airline.

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

Category: topSource: businessinsiderMay 5th, 2020

South African Airways faces wind-down or liquidation as cash runs out

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......»»

Category: topSource: reutersApr 23rd, 2020

South Africa"s SAA faces wind-down or liquidation, rescue team says

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......»»

Category: topSource: reutersApr 23rd, 2020

Caledonia Mining announces implications of South African COVID-19 lockdown

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.....»»

Category: blogSource: theflyonthewallMar 26th, 2020

AngloGold sells South African assets to Harmony amid priorities shift

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.....»»

Category: blogSource: theflyonthewallFeb 12th, 2020

Africa’s biggest airline, Ethiopian, sticks by China’s side

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......»»

Category: topSource: washpostFeb 9th, 2020

Bankrupt South African Airways just debuted its newest plane, the Airbus A350, weeks early despite verging on the brink of collapse

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

Category: topSource: businessinsiderFeb 9th, 2020

Route cuts intended to make South African Airways sustainable: rescue team

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......»»

Category: topSource: reutersFeb 9th, 2020

S.Africa"s struggling carrier SAA to cut flights to ease cash flow

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......»»

Category: topSource: reutersJan 30th, 2020

Cash-strapped SAA to "cancel and consolidate" flights

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

Category: videoSource: reutersJan 30th, 2020

South African Airways says flights "normal" as funding woes continue

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......»»

Category: videoSource: reutersJan 20th, 2020

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