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Is this the end of South African Airways?
South African Airways is reportedly in discussions with its eight labor groups to offer severance packages for its entire 4,700 employee labor force according to Bloomberg News. This drastic action...
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South Africa hopes to establish a new flag carrier from the ashes of South...
South African Airways is basically bankrupt on the edge of being liquidated by the administrators. Employees have been offered severance packages but the various labor groups have not yet agreed to...
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South African Airways suspends all operations due to rising debt
South African Airways announced on September 30, 2020 it has suspended all operations due to mounting debts. In December 2019 the flag carrier entered reorganization. From Reuters: “South African...
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South Africa bails out broke South African Airways
South African Airways has been given a government lifeline, once again. Finance Minister Tito Mboweni on October 28 announced that the South African government would allocated another R10.5 billion...
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South African Airways exits from bankruptcy protection
South African Airways today exited from bankruptcy protection, referred to as “business rescue” in South Africa. The flag carrier issued this short statement after submitting a business rescue plan:...
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South Africa to sell its 51% share of SAA to Takatso
South African Airways is being saved with new private investors. The government has agreed to sell 51% of the stock in the flag carrier. Under the agreement, SAA will now be majority owned by the...
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South African Airways secures a new AOC, will resume operations in a “few weeks”
South African Airways has made this announcement: SAA has taken another significant step closer to resuming operations after being granted a renewed operating license by the regulator, the South...
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South African Airways to launch regional flights again on September 23
South African Airways has made this announcement: The wait is finally over. In just under a month, the striking and familiar livery of SAA will once again be visible in the skies as the airline resumes...
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South African Airways resumes operations
South African Airways on September 23 resumed operations after being shut down for a year and reorganized as a leaner carrier. The flag carrier issued this statement: Following months of preparation...
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South African deploys larger aircraft on some Durban and Cape Town flights
South African Airways has made this announcement: South African Airways (SAA) has taken note of a decision by the South African Civil Aviation Authority (SACAA) to indefinitely ground all Comair...
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