SAA unable to pay November salaries

[krismiler]

Is this the equivalent of Chapter 11 bankruptcy protection in the USA ? If so then current domestic creditors are kept at bay for what's owing at the moment but future purchases will be cash upfront and I doubt the law would apply outside South Africa, if for example a UK maintenance company applied for a court order to impound an SAA aircraft in respect of overdue debts.

[CargoOne]

Originally Posted by Old King Coal

It is not entirely apples to apples comparison as for example Lufthansa Group is not just a bunch of airlines but also non-airline related subsidiaries like LSG Catering which is a 35k staff alone and then LH Technics which is a major MRO doing lots of 3rd party work - another 20k people there plus few notable others, while Wizzair is a purely operating airline = back office+pilots+cabin crew and everything else is outsourced.

[STN Ramp Rat]

Originally Posted by CargoOne

It is not entirely apples to apples comparison as for example Lufthansa Group is not just a bunch of airlines but also non-airline related subsidiaries like LSG Catering which is a 35k staff alone and then LH Technics which is a major MRO doing lots of 3rd party work - another 20k people there plus few notable others, while Wizzair is a purely operating airline = back office+pilots+cabin crew and everything else is outsourced.

and with Ryanair a lot of the operating crew don’t work for the company but are self employed contractors.

lies, damn lies and statistics

that said I am sure the table gives a good flavour of the reality

[TCAS FAN]

With the festive season almost upon us, has there been any cheer for the staff, have they been paid?

[Gyro Nut]

Yes, salaries were paid in two amounts, the 2nd a couple of days late than usual.