SAA in Business rescue

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paulw
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Re: SAA in Business rescue

Unread post by paulw » Fri Jul 31, 2020 7:50 pm

HJK 414 wrote:
Tue Jul 28, 2020 4:09 pm

I pity the management team of the new entity as they probably have no idea what they are setting themselves up for.
The Politicians will not stop meddling and every time there is a cash flow problem or a need to invest - we are going to see the same antics.

JK
I am not so sure about a new entity and new management?

Is this a fact that it will be? I did not follow the thread so maybe I missed something but this is an extract from a Voyager Miles email I received today.
There has been progress with SAA’s Business Rescue process. There are a few outstanding administration matters to be ironed out during the next few weeks by the business rescue practitioners before our SAA management can resume control.

In the meantime, we feel it is important to keep you, as our most valued customer, updated on issues related to your Voyager membership.
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
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GL
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Re: SAA in Business rescue

Unread post by GL » Sat Aug 01, 2020 7:50 am

paulw wrote:
Fri Jul 31, 2020 7:50 pm

There has been progress with SAA’s Business Rescue process. There are a few outstanding administration matters to be ironed out during the next few weeks by the business rescue practitioners before our SAA management can resume control.
I reckon this is a spectacular euphemism. They have hardly any aircraft left and what they have is now even more mismatched to their routes. Do they even have a route structure? - where are they going to fly to?
They have staff/ pilots/FAs who do not know whether they are employed or not. IINM almost all the pilots are no longer current. The backlog in trying to get Training Captains to SREC them will be interesting.
SAA is like a punch drunk boxer flat on his back on the canvas. He is not about to spring up - clear eyed - and box his way out of this mess.
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Re: SAA in Business rescue

Unread post by Areaman » Sat Aug 01, 2020 9:50 am

GL wrote:
Sat Aug 01, 2020 7:50 am
paulw wrote:
Fri Jul 31, 2020 7:50 pm

There has been progress with SAA’s Business Rescue process. There are a few outstanding administration matters to be ironed out during the next few weeks by the business rescue practitioners before our SAA management can resume control.
I reckon this is a spectacular euphemism. They have hardly any aircraft left and what they have is now even more mismatched to their routes. Do they even have a route structure? - where are they going to fly to?
They have staff/ pilots/FAs who do not know whether they are employed or not. IINM almost all the pilots are no longer current. The backlog in trying to get Training Captains to SREC them will be interesting.
SAA is like a punch drunk boxer flat on his back on the canvas. He is not about to spring up - clear eyed - and box his way out of this mess.
“On the numbers” GL👏👏👏👏👏
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Re: SAA in Business rescue

Unread post by FAQ » Sun Aug 02, 2020 12:44 pm

https://mybroadband.co.za/news/governme ... ilots.html

“New SAA will prioritise equal employment over experience for pilots”
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Re: SAA in Business rescue

Unread post by Johan Swakopmund » Mon Aug 03, 2020 11:06 am

FAQ wrote:
Sun Aug 02, 2020 12:44 pm
https://mybroadband.co.za/news/governme ... ilots.html

“New SAA will prioritise equal employment over experience for pilots”
THAT I WANT TO SEE .
WILL BE A FIRST
NAMIBIA FLYING COUNTRY
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Re: SAA in Business rescue

Unread post by Volo » Mon Aug 03, 2020 11:13 am

Johan Swakopmund wrote:
Mon Aug 03, 2020 11:06 am
FAQ wrote:
Sun Aug 02, 2020 12:44 pm
https://mybroadband.co.za/news/governme ... ilots.html

“New SAA will prioritise equal employment over experience for pilots”
THAT I WANT TO SEE .
WILL BE A FIRST
......................
Johan I think they mean exactly the opposite . They will ditch the seniors first firstly for cost reasons and I will leave you to guess what else they mean
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Re: SAA in Business rescue

Unread post by Falafel » Mon Aug 03, 2020 11:24 am

Volo wrote:
Mon Aug 03, 2020 11:13 am
Johan Swakopmund wrote:
Mon Aug 03, 2020 11:06 am
FAQ wrote:
Sun Aug 02, 2020 12:44 pm
https://mybroadband.co.za/news/governme ... ilots.html

“New SAA will prioritise equal employment over experience for pilots”
THAT I WANT TO SEE .
WILL BE A FIRST
......................
Johan I think they mean exactly the opposite . They will ditch the seniors first firstly for cost reasons and I will leave you to guess what else they mean
I was one for the closing of SAA, however maybe its one of those "be careful what you wish for" situations....

Anyone else get the feeling that we will be longing for the SAA where blatant corruption and nepotism was the only problem we had to worry about :twisted: :roll: #-o :?:
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Re: SAA in Business rescue

Unread post by Snitch » Mon Aug 03, 2020 11:49 am

As part of the restructuring, SAA’s current complement of 625 pilots will be slashed to 88.
Ouch
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Re: SAA in Business rescue

Unread post by Bell 407 » Mon Aug 03, 2020 11:54 am

GLF4 wrote:
Wed Jul 22, 2020 9:21 am
ZS-SXI and ZS-SXK A333 left Joburg for Nimes this morning.
From JetPhotos - "An Airbus A330-243 from the troubled South African Airlines. The plane arrived Nimes in May 2020, is 9 years old and currently belongs to Tokyo Century Corporation. Earlier registration ZS-SXV."

Image
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Re: SAA in Business rescue

Unread post by Johan7720 » Mon Aug 03, 2020 12:38 pm

Pilots slashed to 88 - that is now for 5 planes - which means 17 pilots per plane.......hmmm
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Re: SAA in Business rescue

Unread post by evanb » Mon Aug 03, 2020 2:50 pm

Johan7720 wrote:
Mon Aug 03, 2020 12:38 pm
Pilots slashed to 88 - that is now for 5 planes - which means 17 pilots per plane.......hmmm
5 leased or 5 total?
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Re: SAA in Business rescue

Unread post by Volo » Tue Aug 04, 2020 11:26 am

GL wrote:
Sat Aug 01, 2020 7:50 am
paulw wrote:
Fri Jul 31, 2020 7:50 pm

There has been progress with SAA’s Business Rescue process. There are a few outstanding administration matters to be ironed out during the next few weeks by the business rescue practitioners before our SAA management can resume control.
I reckon this is a spectacular euphemism. They have hardly any aircraft left and what they have is now even more mismatched to their routes. Do they even have a route structure? - where are they going to fly to?
They have staff/ pilots/FAs who do not know whether they are employed or not. IINM almost all the pilots are no longer current. The backlog in trying to get Training Captains to SREC them will be interesting.
SAA is like a punch drunk boxer flat on his back on the canvas. He is not about to spring up - clear eyed - and box his way out of this mess.
.................................
So hears the thing - Somehow they have cut a deal with their Creditors /Banks and Unions such that they will not be liquidated and there will be no New SAA - only the old one .

They will therefore be able to resume trading in their Anti competitive way because in the first instance they will not be required to pay back any of their former loans or make a return on their cost of recapitalization.

How come the competition act does not apply to them ? IF it did and they would have to trade against their competitors fairly and it would result in a cost that they could not recoup because they would not sell any tickets with the kind of fares they would have to charge .

Why are their competitors not already putting it out there that they would oppose SAAs restructuring based on an Anti-competitive structure that they could already prove ?

They also have no idea whether they still have any customers ?
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Re: SAA in Business rescue

Unread post by Kriz » Tue Aug 04, 2020 2:59 pm

Volo wrote:
Tue Aug 04, 2020 11:26 am
GL wrote:
Sat Aug 01, 2020 7:50 am
paulw wrote:
Fri Jul 31, 2020 7:50 pm

There has been progress with SAA’s Business Rescue process. There are a few outstanding administration matters to be ironed out during the next few weeks by the business rescue practitioners before our SAA management can resume control.
I reckon this is a spectacular euphemism. They have hardly any aircraft left and what they have is now even more mismatched to their routes. Do they even have a route structure? - where are they going to fly to?
They have staff/ pilots/FAs who do not know whether they are employed or not. IINM almost all the pilots are no longer current. The backlog in trying to get Training Captains to SREC them will be interesting.
SAA is like a punch drunk boxer flat on his back on the canvas. He is not about to spring up - clear eyed - and box his way out of this mess.
.................................
So hears the thing - Somehow they have cut a deal with their Creditors /Banks and Unions such that they will not be liquidated and there will be no New SAA - only the old one .

They will therefore be able to resume trading in their Anti competitive way because in the first instance they will not be required to pay back any of their former loans or make a return on their cost of recapitalization.

How come the competition act does not apply to them ? IF it did and they would have to trade against their competitors fairly and it would result in a cost that they could not recoup because they would not sell any tickets with the kind of fares they would have to charge .
Why are their competitors not already putting it out there that they would oppose SAAs restructuring based on an Anti-competitive structure that they could already prove ?

They also have no idea whether they still have any customers ?
Because their competitors know that SAA will screw up and they will pay their competitors a handsome compensation again and again for violating the rules. Have we not learnt anything about SAA?........ They don’t remember their mistakes from the past, so they must suffer the consequences.*******( Grabs Popcorn)
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Re: SAA in Business rescue

Unread post by Wout » Tue Aug 04, 2020 4:43 pm

Vanity project, once again at taxpayers expense. How else would the political "elite" and their family and friends get their free airline travel?
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Re: SAA in Business rescue

Unread post by Whirly » Tue Aug 04, 2020 4:55 pm

Wout wrote:
Tue Aug 04, 2020 4:43 pm
Vanity project, once again at taxpayers expense. How else would the political "elite" and their family and friends get their free airline travel?
Plus the money has to flow for looting to take place and unions must have members to keep their bosses in the money. #-o :evil:

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