The SAA is now run by telecoms executives

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MyBroadband Newsfeed
Joined
Jun 28, 2017
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6,404
The SAA is now run by telecoms executives

After years of corruption and mismanagement SAA is technically bankrupt, with its debt of R15 billion significantly exceeding its assets.

This SAA’s financial situation is so dire, the City Press reported that the airline is now considering selling off some of its assets, including its catering arm, Air Chefs, and SAA Cargo.
 

Jola

Honorary Master
Joined
Sep 22, 2005
Messages
18,421
Shut SAA down, the mismanagement, looting and corruption by the ANC has permanently destroyed the organisation as a going concern.

Due to the massive debts incurred the organisation cannot be sold as a going concern, and will have to be broken up.

#ProudlyBroughtByANC
 

MightyQuin

Honorary Master
Joined
Oct 6, 2010
Messages
13,689
Privatization followed by massive retrenchments will be a great start.

But I think that they are also stuck in huge, expensive contracts with other concerns, that is also bleeding them dry.
 

Vrotappel

Bulls fan
Joined
Feb 22, 2005
Messages
17,065
Things must be utterly completely destroyed before the ANC government intervenes.
 

Daruk

Honorary Master
Joined
Jul 18, 2008
Messages
39,005
Jarana is in for a bumpy ride. Telecoms is a breeze by comparison.
 

Milano

Honorary Master
Joined
Feb 7, 2004
Messages
12,060
It only failed because they never renamed it. Spend R50 billion to rename it and re-market it globally as South African Airways Services. Problem solved. Fools.
 

Nick333

Honorary Master
Joined
Nov 17, 2005
Messages
34,399
It only failed because they never renamed it. Spend R50 billion to rename it and re-market it globally as South African Airways Services. Problem solved. Fools.
MWA. Mamma Winnie's Airways has got such a warm and inviting ring to it wouldn't you agree?
 

ForceFate

Honorary Master
Joined
May 18, 2009
Messages
18,511
When the flight takes longer than expected you are charged OOB rates?
"Ladies and gentlemen, this is your captain speaking. We're about to enter the OOB phase of the flight. Those wishing to jump off can do so however, we won't be able to open any emergency doors due to speed and altitude.

We at SAA strive to provide you with the cheapest air travel. As a token of our appreciation, we're giving you, our customers, free 1 mile of flight for flights between JNB and UTN. Thank you once again for flying with the best airline in the skies."
 
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