SAA business rescue plan in deep trouble

xeslaro

Executive Member
Joined
Jun 29, 2009
Messages
5,443
Government said that it wanted a national carrier that would emerge from the business rescue process competitive and with a modern aircraft fleet.

It said it should be driven by a motivated workforce and offer the right routes.


:rolleyes:

We all have dreams, but sometimes you must be realistic.
Delusional brunch. As logical as someone saying they grated cheese and expected a cow to emerge.
 

Oldfut

Well-Known Member
Joined
Jan 28, 2018
Messages
187
I have an idea that like many ventures the ANC has embarked on to enrich their "leaders" and the party (Chancellor House comes to mind, as does the Arms Deal; maybe the current cigarette "ban"?) it may have been better for them to simply take the money out of the taxes paid then let business, bidding etc proceed without their crooked fingers on the scales.

At least then there would have been a chance to get a viable, cost-effective product from bottled water for SAA to boilers for Eskom.
 

The_Librarian

Another MyBB
Super Moderator
Joined
Nov 20, 2015
Messages
26,951
The way things are going wrt COVID-19 will there be still a taxpayer base left?

No doubt they will push ahead regardless, and make trillions in debt, after all it is somebody else's problem...
 

Gordon_R

Honorary Master
Joined
Jul 5, 2009
Messages
12,823
More procrastination, but interesting possibility that if the government refuses to cough up any more cash soon, the BRPs could pull the plug and liquidate:
 

ToxicBunny

Honorary Master
Joined
Apr 8, 2006
Messages
90,511
More procrastination, but interesting possibility that if the government refuses to cough up any more cash soon, the BRPs could pull the plug and liquidate:
I think its getting to the point where the BRPs will have no legal choice BUT to pull the plug...
 

Gordon_R

Honorary Master
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Jul 5, 2009
Messages
12,823
I think its getting to the point where the BRPs will have no legal choice BUT to pull the plug...
Unfortunately legality seems to be a fig-leaf with SOEs. The government may end up challenging the liquidation process and the BRPs, and dragging out the saga even longer.
 

Blue Shirt

Senior Member
Joined
Jun 12, 2013
Messages
647
Mboweni's interim budget has pulled the plug on many of these unsustainable dreams like a "new" SAA.

There is no way that Jamnadas will find another R10b to throw after SAA.
 

Segg

Expert Member
Joined
Feb 25, 2012
Messages
4,026
From the CARS


General restrictions

101.05.10 (1) No person shall operate an RPA unless they have in their possession—

(a)
a valid RPA Pilot Licence;

(b)
a copy of the ROC and associated OpSpec;

(c)
the certificate of registration for each RPA in operation;

(d)
a copy of the RLA; and

(e)
user manual for the RPA and the remote pilot station.

(2) No RPA shall—

(a)
tow another aircraft,

(b)
perform aerial or aerobatic displays;

(c)
be flown in formation or swarm;

(3) Except by the holder of an ROC, and as approved by the Director, no RPA shall be operated—

(a)
above 400ft above the surface

(b)
within a radius of 10km from an aerodrome:

(c)
within restricted or prohibited airspace; or

(d)
adjacent to or above a nuclear power plant, prison, police station, crime scene, court of law, national key point or strategic installation.

Beyond visual line-of-sight

101.05.11 (1) An RPA shall not be operated beyond visual-line-of-sight unless by the holder of an ROC and as approved by the Director in the operations manual.

(2) The Director may approve B-VLOS operation subject to the operator meeting the requirements prescribed in Document SA-CATS 101.

(3) Approved B-VLOS operations may only be conducted in VMC, below 400ft above surface level, unless otherwise approved by the Director.

Night operations

101.05.12 (1) An RPA may not be operated at night except—

(a)
in R-VLOS operation; or

(b)
by the holder of an ROC, and as approved by the Director in terms of subregulation (2).

(2) The holder of an ROC intending to operate an RPA at night, shall, as a minimum have each RPA approved under their ROC for night operations subject to compliance with the requirements prescribed in Documents SA-CATS 101.

(3) An RPA may not be operated at night in controlled airspace except as approved by the Director as prescribed in regulation 101.05.3.

Operations in the vicinity of people

101.05.13
No person shall operate an RPA directly overhead any person or group of people or within a lateral distance of 50 m from any person, unless—

(a)
the operator is the holder of an ROC and the operation has been approved by the Director in their operations manual; or

(b)
such person is the operator of the RPA or such person is under the direction of the operator of the RPA; or

(c)
such person or group of people forms part of the operations of the RPA, and is under control of the operator of the RPA, and adequate provisions have been made for their safety.

Operations in the vicinity of property, structures and buildings

101.05.14
(1) No RPA shall be operated within a lateral distance of 50m from any structure or building, unless—

(a)
the operator is a holder of an ROC and the operation has been approved by the Director in their operations manual; or

(b)
permission is obtained from the owner of such structure or building.

(2) An operator conducting an operation as contemplated in subregulation (1) shall take such measures as are necessary to ensure the safety of all persons on the ground accessing such building or in the vicinity of such structure.

Operations in the vicinity of public roads

101.05.15 No person shall operate an RPA over a public road, along the length of a public road or at a distance of less than 50 m from a public road unless—

(a)
such person is the holder of an ROC and the operation has been approved by the Director in the operator’s operations manual; or

(b)
in the case of operations over a public road, such road has been closed for public use; and

(c)
reasonable care has been taken to ensure the safety of road users and pedestrians in the event of loss of control of the RPA.


EDITED: For formatting
 

Chris_the_Brit

High Tory
Joined
Mar 6, 2004
Messages
30,800

The department of public enterprises, which has fought to save SAA, says the rescue has been derailed by trade unions whose actions have set the airline on the path to liquidation.

At a crucial meeting of creditors on Thursday, majority trade unions Numsa, the SA Cabin Crew Association (Sacca) and the SAA Pilots Association motivated, alongside several creditors, to postpone a decision on the business rescue plan until July 14. Public enterprises minister Pravin Gordhan has tried hard to persuade all parties to support the plan, going to the extent of making leadership compact with unions.

The accusation was made in a statement late on Sunday afternoon, in which the department conveyed its decision to withdraw from the forum it had established with organised labour to develop a new and restructured SAA.

The airline, which is not financially viable, has been in business rescue for six months. But the process has not been completed due to ongoing delays in finalising the business rescue plan, which was eventually to be put to a vote on Thursday.



If the business rescue plan is ultimately rejected and an alternative not proposed, SAA will be placed in provisional liquidation.

“Despite the significant adverse consequences of a liquidation for employees and creditors, the [department of public enterprises] noted with disappointment, that three unions and one creditor (SA Airlink, who has launched an application to court to liquidate SAA) moved a resolution to adjourn the creditors’ meeting,” the department said.
The only time I will be pleased with the unions... :giggle:
 

neoprema

Expert Member
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Jan 12, 2016
Messages
2,715

Segg

Expert Member
Joined
Feb 25, 2012
Messages
4,026
"This includes retrospective increases and incentive bonuses, but is still not enough for several unions."

Unions are strangling everything. Where's Thatcher when you need her!?
Unions as per usual have no foresight - they only want money, even if its not sustainable in the long term

There's that story about cutting down your fruit tree to make a fire....
 

F1 Fan

Expert Member
Joined
Nov 8, 2010
Messages
4,916
How do they have the option of postponing the process? Who pays for the costs of the delay if there is no money?

For example, why would the business practitioners continue if there were no money to pay themselves.
 

BBSA

Honorary Master
Joined
Jul 11, 2005
Messages
14,533
The business rescue practitioners at South African Airways (SAA) have told the Labour Appeals Court that since there was no rescue plan published, the interdict on retrenchments needed to be lifted or the process would have to start from scratch with a two-month consultation period.

The practitioners said due to a lack of cash flow for SAA and with no cash injection coming from government or potential investors, the whole rescue process would fail.

 

Gordon_R

Honorary Master
Joined
Jul 5, 2009
Messages
12,823
The business rescue practitioners at South African Airways (SAA) have told the Labour Appeals Court that since there was no rescue plan published, the interdict on retrenchments needed to be lifted or the process would have to start from scratch with a two-month consultation period.

The practitioners said due to a lack of cash flow for SAA and with no cash injection coming from government or potential investors, the whole rescue process would fail.

Catch 22.
Mexican standoff.
Too many flies on a dead carcass.
Inset your metaphor here...
 
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