SAA after Business rescue
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Re: Solidarity (and now the Government) to put SAA into Business rescue
You might just have that chance Caravan Driver. Rumours are that 130 to 140 SAA pilots have submitted CV's to Emirates, Qatar and others. Emirates holding an interview session in SA in a week's time.
C182, C210, PA30, PA34, 7ECA, R2160i, AC11, BE55, BE58, SR22, BE90, BE20, B190, BE99, C501, DC3, DHC6, B732, B733, B734, B744, A319, A320, A332, A333, A342, A343, A346, R44, UH1H (Pending: HX50, HC50)
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Re: Solidarity (and now the Government) to put SAA into Business rescue
I flew SAA to Frankfurt last year and was well impressed. Their safety record is very good; thanks SAAT. The whole entity, like Eskom hs lots of good people, seemingly none in the right place.
evanb has answered this before - where do SAA's problems lie? I suspected simple looting and tenderpreneuring that is well published although not in detail; the expensive water and fuel. evanb felt (if I recall correctly), from the last published results, it was just plain incompetent management, although I am sure looting would not be obvious from the financials.
The rhetorical question is; can it be rescued? Surely the right solution is to break off Mango and SAAT as separate entities, reduce SAA to international services? Actually looking at the ANC style of either deploy cadres or offload to their friends etoll style. I give up; as a taxpayer - I say close it.
evanb has answered this before - where do SAA's problems lie? I suspected simple looting and tenderpreneuring that is well published although not in detail; the expensive water and fuel. evanb felt (if I recall correctly), from the last published results, it was just plain incompetent management, although I am sure looting would not be obvious from the financials.
The rhetorical question is; can it be rescued? Surely the right solution is to break off Mango and SAAT as separate entities, reduce SAA to international services? Actually looking at the ANC style of either deploy cadres or offload to their friends etoll style. I give up; as a taxpayer - I say close it.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
It’s all RUMOUR - not many SAA Pilots would leave unless the BRP required a reduction in Pilots.
the pilots that didn’t take unpaid leave last year are the ones that don’t want to leave SA. Those of us left would seriously have to be forced out.
the pilots that didn’t take unpaid leave last year are the ones that don’t want to leave SA. Those of us left would seriously have to be forced out.

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Re: Solidarity (and now the Government) to put SAA into Business rescue
Rumors or not, you can bet your pfund that there will be job losses in every department at SAA (a number of 5000 being touted by some economic gurus) It's not going to be the same business that it was last week: already HKG under the spot light and PER to follow. As VJ said "not making any money east of Dubai", that's a significant number of FDC and CC just on those two routes, add to the possibility of GRU becoming 3 weekly I'd venture a guess that a few will be "forced" out. Get those logbook and CV's up to date chaps 
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Re: Solidarity (and now the Government) to put SAA into Business rescue
PS not all the pilots who took unpaid leave necessarily WANTED to leave SA, perhaps they were wanting to not have the threat of furlough hanging over their heads after being told by their union that the company was over staffed by some 200 pilots and to find something else
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Re: Solidarity (and now the Government) to put SAA into Business rescue
Sadly I can’t see anyway but a substantial downsizing in terms of fleet, trending rumor (completely unsubstantiated) Points to a A350 and A320 only fleet. I’m not sure of that this is all that accurate given that the 330 is still a useful machine in terms of economics.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
Notification to the suppliers to SAA.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
Am I the only one finding this letter odd ??
I assume it is an effort by SAAT explaining the situation to their clientele …..
Yet - SAAT is stating that they are - despite being a fully owned subsidiary - not under the "business rescue" ……
I was under the impression that the business rescue effort is for the whole SAA organisation
They however happily refer to the 2 Billion rand being handed to SAA (now they are suddenly "part of it" again ?? )
Is this now only to re-assure the creditors ??.
The "intention" is to pay all creditors - that should make them feel good …...
JK.
I assume it is an effort by SAAT explaining the situation to their clientele …..
Yet - SAAT is stating that they are - despite being a fully owned subsidiary - not under the "business rescue" ……
I was under the impression that the business rescue effort is for the whole SAA organisation
They however happily refer to the 2 Billion rand being handed to SAA (now they are suddenly "part of it" again ?? )
Is this now only to re-assure the creditors ??.
The "intention" is to pay all creditors - that should make them feel good …...

JK.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
It is expected that more funding will follow soon after?
Moody’s hold our beer.

Moody’s hold our beer.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
It is South African Airways SOC Ltd (the legal entity) that is under BR, not the subsidiaries. The BR practitioner can apply to the Court if he wants to place a subsidiary into BR (or the Board of that subsidiary can pass a resolution to that effect).HJK 414 wrote: Tue Dec 10, 2019 10:48 am Yet - SAAT is stating that they are - despite being a fully owned subsidiary - not under the "business rescue" ……
I was under the impression that the business rescue effort is for the whole SAA organisation
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Re: Solidarity (and now the Government) to put SAA into Business rescue
Is it possible that Mango can take the A319s and make it work, how much life do they still have in them, will retrofitting be worth it?Piperdriver wrote: Tue Dec 10, 2019 7:43 am Sadly I can’t see anyway but a substantial downsizing in terms of fleet, trending rumor (completely unsubstantiated) Points to a A350 and A320 only fleet. I’m not sure of that this is all that accurate given that the 330 is still a useful machine in terms of economics.
Will Mango perhaps also be allowed to take over some of SAA's route rights regionally...maybe LVI and some of the other mulitple daily routes...if they could operate with both on a route ie: to WDH, HRE, LUN and MPM, say Mango do 1 of the 3 daily flights.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
Would the scope clause element in the SAAPA not preclude this? What happens to layout agreements under the business rescue process?
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Re: Solidarity (and now the Government) to put SAA into Business rescue
I don't think Mango have the capacity available with their current fleet to be able to take on more routesgrjplanes wrote: Tue Dec 10, 2019 11:32 amIs it possible that Mango can take the A319s and make it work, how much life do they still have in them, will retrofitting be worth it?Piperdriver wrote: Tue Dec 10, 2019 7:43 am Sadly I can’t see anyway but a substantial downsizing in terms of fleet, trending rumor (completely unsubstantiated) Points to a A350 and A320 only fleet. I’m not sure of that this is all that accurate given that the 330 is still a useful machine in terms of economics.
Will Mango perhaps also be allowed to take over some of SAA's route rights regionally...maybe LVI and some of the other mulitple daily routes...if they could operate with both on a route ie: to WDH, HRE, LUN and MPM, say Mango do 1 of the 3 daily flights.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
That's why I'm asking regarding the possibility of the A319s being moved over to Mango as well?Ray W wrote: Wed Dec 11, 2019 9:25 amI don't think Mango have the capacity available with their current fleet to be able to take on more routesgrjplanes wrote: Tue Dec 10, 2019 11:32 amIs it possible that Mango can take the A319s and make it work, how much life do they still have in them, will retrofitting be worth it?Piperdriver wrote: Tue Dec 10, 2019 7:43 am Sadly I can’t see anyway but a substantial downsizing in terms of fleet, trending rumor (completely unsubstantiated) Points to a A350 and A320 only fleet. I’m not sure of that this is all that accurate given that the 330 is still a useful machine in terms of economics.
Will Mango perhaps also be allowed to take over some of SAA's route rights regionally...maybe LVI and some of the other mulitple daily routes...if they could operate with both on a route ie: to WDH, HRE, LUN and MPM, say Mango do 1 of the 3 daily flights.
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Re: Solidarity (and now the Government) to put SAA into Business rescue
There is no clear plan. The BRP has not made a decision regarding the SAA fleet or route structure.
It’s all rumour mongering at the moment.
It’s all rumour mongering at the moment.