A proposed new rescue plan will see thousands of employees being retrenched, new management in place and the goal of becoming profitable within three to five years.
The old saying about what happens when you “give a dog a bad name” essentially means that a person, or organisation, which has done bad things in the past will always be expected to act in a similar way in the future. Sometimes, though, that cynicism is not justified – but, nevertheless, the bad name sticks.
The old saying about what happens when you “give a dog a bad name” essentially means that a person, or organisation, which has done bad things in the past will always be expected to act in a similar way in the future. Sometimes, though, that cynicism is not justified – but, nevertheless, the bad name sticks. Such is the dilemma that our new national airline, the phoenix which will supposedly rise from the ashes of South African Airways, faces in trying to function profitably in the post-Covid world.
However, customers and suppliers of “SAA Lite” in the future will, we fear, not be able to get the “bad name” out of their minds. So, the damage which incompetent management and interfering politicians have done to the airline over decades, will become the toxic gift which continues giving. Another major worry for the future of the venture is that politicians might be unable to resist keeping their grubby, corrupt paws off it.For more news your way, download The Citizen’s app for
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Huawei P40 lite: a gamer’s dream device[Sponsored] HuaweiZA tells us why the HuaweiP40 Lite is every gamer’s ideal companion:
Read more »
BUSINESS MAVERICK OP-ED: SAA rescue plan reveals government’s tunnel visionWhat is the point of throwing everything at SAA when the rest of the air transport system and entire industries upon which SAA depends are collapsing?
Read more »
BREAKING NEWS: SAA creditors support business rescue planCreditors voted overwhelmingly in support of the plan, meaning the government has to find more than R10bn in funding
Read more »
AVERTING LIQUIDATION: Creditors approve SAA’s business rescue plan as the airline gets a new interim bossAbout 86% of creditors have voted in favour of the SAA business rescue plan, meaning that the airline will, for now, avoid liquidation. Meanwhile, Philip Saunders is the new SAA interim CEO. He becomes the fourth SAA CEO in five years.
Read more »
SAA business rescue plan approved86% of creditors voted in favour of the business rescue plan.
Read more »