SAA was placed under administration in December 2019 following years of financial problems and several government bailouts

The South African Clothing and Textile Workers Union said it will approach the Ministry of Trade and Industry and call for a debate.

SA Airlink, who are owned in excess of R500 million by SAA, will try and block creditors from voting on BRPs rescue strategy this week.

On 28 April, the SA Express was placed under provisional liquidation by virtue of an order of the South Gauteng High Court.

Government is concerned over the plan, saying it might have not been adequately accomplished

Local airline Comair, which was placed under business rescue in May, will need to make significant moves if it hopes to get back in the air.

Eskom CEO Andre de Ruyter said that the business to which the money was mistakenly paid is undergoing business rescue.

Airline company, Comair, says it has faced an unprecedented situation following the lockdown – one which has led to business rescue.

The doomed airline will have until June to pull a rabbit out the hat, but it would appear that its fate is sealed, along with some 690 employees.

The Department of Public Enterprises has agreed with SAA Business Rescue Practitioners on a moratorium for retrenchments.

SAA business rescue practitioners (BRPs) say they do not have enough funds to continue with their obligations beyond 30 April.

The EFF claims Pravin Gordhan is looking to deliberately collapse SAA and subject its employees to abject poverty.

The airline has been unable to pay its staff since February, and business rescue practitioners couldn’t salvage the company from insolvency.

SAA business rescue practitioners (BRPs) announced on Monday that around 4 708 employees will be affected during the ‘consultation process’.

A draft business rescue plan for SAA foresees major job cuts throughout a four-tier summary of possible eventualities.

This comes after SAA business rescue practitioners (BRPs) were handed another extension to deliver their rescue plan.

The Democratic Alliance (DA) says BRPs are laid back following the latest SAA bailout of R16.4 billion by Finance Minister Tito Mboweni.

The union have called for the embattled power supplier to be placed under business rescue.

A ‘review’ would be needed of Thursday’s announcement that several routes had been cut from the embattled airline.

The airline confirmed that 11 routes will be cancelled, casting a shadow of doubt over the future of thousands of employees.

It’s deja vu all over again, isn’t it? SA Express has followed the flight path of SAA, and the courts have decided to put the airline under business rescue.

The government’s inability to meet its R2 billion guarantee as part of a bailout deal may push the airline over the brink.