Grapevine is by no means dismissive of SAA’s genuine and painful efforts to restructure and make the airline profitable, and the first glimpses of its successes in this area were evident this week.
However, its optimistic update on its restructuring process came just days after government approved yet another injection of funds. SAA had asked for, and was granted, R744-million to take care of retrenchment costs.
Restructuring is so much easier when a company does not need to pay for it.
Economics 101 majoring in Airline Mismanagement - according to Khaya!! Profit my a
e!
