South African Airways administrators delivered a stark choice to those opposing their plan to fire the entire workforce and sell assets: it’s either that or full liquidation.
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South African Airways plans to lay off its entire 4 700-strong workforce after failing to persuade the government to provide more financial help.
South African Airways has been denied any further funding by government as the national carrier looks for ways to recover from the coronavirus crisis and business rescue.
South African Airways will suspend all its domestic flights with effect from Friday, 27 March. The suspension of all domestic flights follows the suspension of both international and regional flights.
Embattled state-owned airline South African Airways will suspend all international and regional flights, retaining only the Johannesburg-Cape Town route, as it battles the devastating effects of coronavirus lockdowns.
Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions.
South African Airways cut flights to nine international cities and all domestic services except Johannesburg to Cape Town as the embattled state-owned carrier scales back to stay in business.
South African Airways has cancelled international flights between Johannesburg and Munich along with a range of local flights between Johannesburg and Cape Town and Johannesburg and Durban.
Government will relinquish control of the loss-making national airline and give it an additional bailout in a bid to stave off liquidation.
South African Airways has cancelled nearly all its flights scheduled for Friday, 15 November and Saturday, 16 November.