SAA should be retained and restructured: Ruling party
South Africa’s ruling political party insists that embattled South African Airways should be restructured and retained as the country’s flag-carrier. The African National Congress made the declaration following strategy meetings of its national executive council over Jan 17-20. It states that SAA should be “retained as a national airline” but that this will require “substantial restructuring” of the company. “Cabinet should take the operational decisions needed to achieve that aim,” it adds. The ANC states that it received details of the situation at SAA – as well as another state enterprise, electricity firm Eskom – along with “specific proposals” to improve the companies’ performance. It refers to the negative impact of historical agreements on SAA, including aircraft leases and evergreen contracts. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-23/star/saa-should-be-retained-and-restructured-ruling-party
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SAA should be retained and restructured: Ruling party
South Africa’s ruling political party insists that embattled South African Airways should be restructured and retained as the country’s flag-carrier. The African National Congress made the declaration following strategy meetings of its national executive council over Jan 17-20. It states that SAA should be “retained as a national airline” but that this will require “substantial restructuring” of the company. “Cabinet should take the operational decisions needed to achieve that aim,” it adds. The ANC states that it received details of the situation at SAA – as well as another state enterprise, electricity firm Eskom – along with “specific proposals” to improve the companies’ performance. It refers to the negative impact of historical agreements on SAA, including aircraft leases and evergreen contracts. <br/>
