Tag: desmond latham

SAA creditors agree to proposed business rescue plan

SAA creditors have agreed to the proposed business rescue plan to restructure the embattled airline, there has also been an appointment of an interim CEO and in the coming days a new board. Aviation Analyst, Desmond Latham joins CNBC Africa for more.

SAA: Flying with clipped wings

South Africa's national carrier is on a nose dive. Yesterday the joint Business Rescue Practitioners of South African Airways announced plans to deploy more fuel-efficient aircraft, retrench workers and cut routes.

More SAA directors on the way out as airliner awaits R2bn bailout

SAA, the debt-ridden state-owned airliner is still looking for a R2 billion bailout from government. The airliner, which made its last profit in 2011, is also playing a game of musical chairs in the boardroom after the resignation of one of its directors, Martin Kingston. What does this mean for SAA and could we see job losses in the future? Aviation Analyst, Desmond Latham and Head of Trade Union Solidarity's Research Institute, Connie Mulder join CNBC Africa to give insight.