Democratic Alliance calls claims of successful SAA rescue "complete fiction'

[Hanno Labuschagne]

Democratic Alliance calls claims of successful SAA rescue "complete fiction"

The Democratic Alliance (DA) has slammed the government's plan to rescue the bankrupt South African Airways, stating that claims of a successful rescue are complete fiction.

In a recent statement, DA Member of the Standing Committee on Public Accounts (SCOPA) Alf Lees said that the business rescue process has cost South African taxpayers R7.8 billion in bailouts since it began in December 2019.

"The DA will make every effort to ensure that the SAA BRPs (Business Rescue Practitioners), SAA board, and Minister of Public Enterprises Pravin Gordhan cease their collective obfuscation and give clear and unambiguous answers when they appear before SCOPA on Thursday 25 March 2021," Lees said.

 

[Gaz{M}]

Flying a 4 engined dinosaur to fetch one box of vaccines is hardly a test case for a successful cargo airline.

 

[HavocXphere]

Well it'll be successful when it flies again.

Not sure why the DA is doubting though? Pump enough billions into something and then it looks good after. Not that hard to grasp & frankly doesn't even require much competence

 

[Kawak]

After throwing good money after bad at SAA, pilots still in revolt, cabin crew association completely unpleased and still wanting a bite, how many cents to the rand will the creditors actually get? I'm in the wrong industry, time to go into business rescue.

 

[RonSwanson]

The lawyers and accountants got wealthier. How come that's not seen as successful?

 

[boboudts]

Have they tried Red Bull?

 

[Petec]

Kill it with fire.

 

[Gordon_R]

Getting pilots willing to fly is a huge stumbling block:

Turbulent times: SAA pilots plan unprecedented strike after they demand to be formally retrenched

SAA pilots, about 90% of whom belong to the SAA Pilots’ Association, have given the state-owned airline 48 hours’ notice of a strike. The association said the strike is the first in its more than 50-year history.

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