The Department of Public Enterprises (DPE) would like to caution South African Airways (SAA) employees, labour unions and creditors that liquidation will
lead to financial hardship for employees and substantial undervaluation of assets.
The Department of Public Enterprises (DPE) has urged creditors, employees and other stakeholders of South African Airways (SAA) to vote in support of the business rescue plan of the airline as it would result in a better return for these parties than a liquidation of the carrier.
The South African government, during this period of business rescue for South African Airways (SAA), has received unsolicited proposals from private sector funders, private equity investors and potential airline partners for a new national airline that must emerge from the SAA business rescue process.