What are the chances SAA?
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What are the chances SAA?
It seems to me that SAA have fallen on hard times. The government, in its unfathonable wisdom are making the wrong decisions with regard to the future of the airline.
Is there any way the the employees of the airline can buy the government out to run the company as a profitable concern?
Is there any way the the employees of the airline can buy the government out to run the company as a profitable concern?
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I believe the employees who've been left with the responsibility to run the company to date have convincingly demonstrated their inability to do so.
SAA's woes are not to be blamed on the government, but on management themselves.
SAA's woes are not to be blamed on the government, but on management themselves.
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Avi8tor "Make the staff the shareholders"
I believe the staff were "shareholders" at one time. The shares were bought back by the company.............individual junior staff (excluding pilots) had no option in the last round as according to the unions and management, majority junior staff gave the go-ahead for this transaction........SAA bought back the last 1/3 portion shares for a total, mind blowing +- R130.00 per staff member.........
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I believe the staff were "shareholders" at one time. The shares were bought back by the company.............individual junior staff (excluding pilots) had no option in the last round as according to the unions and management, majority junior staff gave the go-ahead for this transaction........SAA bought back the last 1/3 portion shares for a total, mind blowing +- R130.00 per staff member.........
E
Last edited by ERASER; 1st Nov 2007 at 07:36.
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Naw, not just a few shares, the whole airline. Wonder why our SAA friends aren't all over this one? Put in proper management, no more government interference.
Oh, wait, what would they do without the tax payer?
Oh, wait, what would they do without the tax payer?
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F
AV for once we agree.........yes The pilots would love to buy SAA out and I think it was suggested at one stage by the union.
Ask yourself honestly what are the chances.....SAA is seen as a "strategic asset"........Alec Erwin's words, we are the flag waving ANC employing provider of jobs to thousands of people, what self respecting African county would be without an Airline..........Please....I ask with tears in my eyes, how would the ANC move around the country.......a private SAA, Ha.....not likley
AV for once we agree.........yes The pilots would love to buy SAA out and I think it was suggested at one stage by the union.Ask yourself honestly what are the chances.....SAA is seen as a "strategic asset"........Alec Erwin's words, we are the flag waving ANC employing provider of jobs to thousands of people, what self respecting African county would be without an Airline..........Please....I ask with tears in my eyes, how would the ANC move around the country.......a private SAA, Ha.....not likley
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Agreed Fluff, it was suggested but turned down by his masters voice!
Can you imagine that if SAA was successfully privately run by competend people and not just of the "right colour" or connections, the goverment would actually have to admit that these policies are not working? actually admit to wrong doing or failure - never!
Eish -the culture of "no blame"
Can you imagine that if SAA was successfully privately run by competend people and not just of the "right colour" or connections, the goverment would actually have to admit that these policies are not working? actually admit to wrong doing or failure - never!
Eish -the culture of "no blame"
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The seven subsidiaries are the passenger airline, SA Technical, Voyager, airport operations, Mango, SA Cargo and SA Travel Centre. They will be independent subsidiaries, operating as profit centres and will have their own corporate functions.
Tech, Airport Ops, Mango, Cargo and Travel centre could all be sold off separately. Not sure what you would do with Voyager, but it could wash its own face I suppose.
That leaves the PAX fleet. Get it off the 'golden triangle' and all it's lose making international routes. Let it focus on Africa regional where it can charge what it likes. Then sell that off too. Not beyond the realms of possibility.
I agree, the only way any of that could happen is if it was done as a huge BEE venture, with ANC cronies as the shareholders.
