JOHANNESBURG, Nov 20 (Reuters) - South African Airways (SAA) wants a authorities assure to assist i
JOHANNESBURG, Nov 20 (Reuters) – South African Airways (SAA) wants a authorities assure to assist it safe financial institution funding in any other case the provider is liable to getting into liquidation, board member Martin Kingston stated on Wednesday, as a crippling strike enters its sixth day.
The cash-strapped airline has cancelled tons of of flights because the strike started on Friday, with the stoppage initially costing 50 million rand ($3.36 million) per day, although that determine has come down as some flights have resumed.
Talking in an interview on information channel SABC, Kingston stated that SAA’s dire monetary state of affairs meant it was in no place to extend its wage supply to putting unions, and the motion was solely making the state-owned airline’s place extra perilous.
“In the meanwhile, Rome is burning. We do not have the time or the luxurious to contemplate industrial motion,” Kingston stated.
“Except we’re capable of safe ensures from nationwide treasury – and we’re in discussions with them as you and I…