Tag: guy leitch

Government approves SAA rescue plan, appoints new interim CEO

The government has approved a rescue plan for the ailing South African Airways that could cost taxpayers up to R16.3 billion, and is likely to be controversial. Already taxpayers have propped up the loss-making airline to the tune of R30 billion, in the last decade. Part of the plan is to get private money to fund the rescue plan and the appointment of a new interim CEO, Phillip Saunders. Guy Leitch, Editor of SA Flyer & FlightCom magazines 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.

Why this analyst thinks unions have grossly miscalculated their position on SAA

Unions are determined to step up the strike at South African Airways as they demand for higher wages and 940 job cuts as government’s plans for cut backs. The National Union of Metalworkers of SA and are striking against corruption and retrenchment. Editor of SA flyer, Guy Leitch magazine joins CNBC Africa for more.