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12 Aug DPE WORKING HARD TO IMPLEMENT SAA BUSINESS RESCUE PLAN
Now that all the conditions for the implementation of South African Airways’ Business Rescue Plan were met last week, the Department of Public Enterprises (DPE) and stakeholders have been working around the clock to bring the process closer to finalisation.
16 Jul DPE WELCOMES COMMITMENT TO SOURCE FUNDING AND SUPPORT NEW SAA
The Department of Public Enterprises (DPE) welcomes the commitment by National Treasury that the government will support and source funding for a business rescue plan for South African Airways (SAA).
14 Jul DPE Welcomes Vote In Favour of SAA Business Rescue Plan
The Department of Public Enterprises (DPE) welcomes the vote in favour of a business rescue plan for South African Airways (SAA)
13 Jul DPE ALARMED AT SAA PILOTS INSISTENCE TO FURTHER CRIPPLE THE AIRLINE
The Department of Public Enterprises (DPE) is dismayed and concerned by the South African Airways Pilots Association’s (SAAPA) determination to squeeze the last resources out of SAA ahead of the crucial business rescue vote scheduled for tomorrow (14 July 2020).
13 Jul DPE URGES CREDITORS TO VOTE FOR A PATHWAY TO A NEW SAA
The Department of Public Enterprises (DPE) calls on creditors, unions and other stakeholders to vote in favour of a business rescue plan for SAA tomorrow as this is the only realistic pathway to the restructure the airline and for a new national carrier to emerge from the business rescue process.
10 Jul DPE NOT PREPARED TO ACCEDE TO ADDITIONAL DEMANDS FROM SAA PILOTS
The Department of Public Enterprises (DPE) noted that the South African Airways Pilots Association (SAAPA)s has endorsed the Voluntary Severance Packages (VSPs), which are being offered to individual employees of South African Airways (SAA).
08 Jul DPE Welcomes Publication of Revised SAA Business Rescue Plan, Urges Creditors to Vote in Favour
The Department of Public Enterprises (DPE) welcomes the publication of a revised Business Rescue Plan for SAA and urges creditors, employees and stakeholders to vote in favour of the plan next Tuesday.
08 Jul Unions Accept SAA Voluntary Severance Packages
The Department of Public Enterprises (DPE) is encouraged that labour unions, and representatives of non-unionised managers and ground staff, have agreed to accept the South African Airways (SAA) voluntary severance packages (VSPs) which will be supported by a social plan and skills development programme for employees who will be retrenched.