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  • Chidozie Uzoezie

It’s Official: South African Airways Enters Into Business Rescue


Following several years of loss making and struggles to profitably stay in business, South African Airways (SAA) has officially entered into business rescue.

According to its board, the airline was placed into business rescue in order to create a better return for the company’s creditors and shareholders.

Before now, the SAA Board of Directors and the Executive Committee had been in consultations with the shareholder, the Department of Public Enterprises (DPE), in an effort to find a solution to our company’s well-documented financial challenges.

The company says it is seeking to minimize the destruction of value across its subsidiaries and provide the best prospects for selected activities within the group to continue operating successfully.

In a statement, the airline said that this decision presents many challenges and uncertainties for its staff and will engage in targeted communication and support for all employee groups at this difficult time.

The Board of Directors will announce the appointment of business practitioners in the near future, and provide media updates as and when appropriate.

However, services operated by SAA’s subsidiary airline, Mango, will continue as usual and as scheduled, according to the airline.

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Comments (25)

Invitado
21 sept 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

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Invitado
30 sept 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

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kasarokcaesar
24 oct 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

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Invitado
10 nov 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

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Invitado
18 nov 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

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Invitado
04 dic 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


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Invitado
15 dic 2022

WoW. Amazing Review. 👍

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Invitado
07 ene 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

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Invitado
07 ago 2023
Contestando a

Where is here.

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Invitado
27 ene 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

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Invitado
27 feb 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


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