{"id":166187,"date":"2020-09-18T09:28:13","date_gmt":"2020-09-18T07:28:13","guid":{"rendered":"https:\/\/www.myza.co.za\/public-enterprises-calls-for-patience-on-saa-matter\/"},"modified":"2020-09-18T09:28:13","modified_gmt":"2020-09-18T07:28:13","slug":"public-enterprises-calls-for-patience-on-saa-matter","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/public-enterprises-calls-for-patience-on-saa-matter\/","title":{"rendered":"Public enterprises calls for patience on SAA matter"},"content":{"rendered":"<p>The Department of Public Enterprises (DPE) has called on South African Airways (SAA) employees and creditors to be patient while work continues to find a constructive outcome to challenges at the airline.<\/p>\n<p>\u201cThe department is aware of a creditors meeting called to discuss the future of the business rescue plan for South African Airways and protests scheduled to be held outside the airline\u2019s offices on Friday. Efforts to locate funding sources continue. The DPE remains sympathetic and deeply mindful of the plight of SAA employees,\u201d the department said.<\/p>\n<p>In charting a way forward, the DPE believes critical to solving the difficulties facing SAA is:<\/p>\n<ul>\n<li>the finalisation and implementation of the business rescue process,<\/li>\n<li>followed by the start of a restructured airline, appointment of a new board and executive team,<\/li>\n<li>and securing a credible strategic equity partner who can introduce the required technical, financial, and operational expertise into the business.<\/li>\n<\/ul>\n<p>In a statement on Thursday, the department said government is working with transaction advisors to assess proposals from several potential strategic equity partners for the airline.<\/p>\n<p>\u201cThe department recognises the interests of workers\u2019 and creditors.\u201d<\/p>\n<p>It was reported on Thursday that administrators of the airline called creditors to Friday\u2019s meeting after government missed the deadline to make funding available for the airline\u2019s restructuring plan.<\/p>\n<p>SAA was placed under business rescue in December 2019. \u2013&nbsp;<strong>SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Public Enterprises (DPE) has called on South African Airways (SAA) employees and creditors to be patient while work continues to find a constructive outcome to challenges at the airline. \u201cThe department is aware of a creditors meeting called to discuss the future of the business rescue plan for South African Airways and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-166187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-sanews","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/166187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=166187"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/166187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=166187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=166187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=166187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}