News24 reports that the business rescue practitioners (BRPs) for SA Airways (SAA) have received a request from three unions for more time to submit feedback on a draft rescue plan issued to affected parties a week ago.
The BRPs had intended to submit their long-awaited draft rescue plan for the national carrier on Monday for creditors, government as shareholder and unions to vote on. They indicated on Monday morning that lawyers represent the National Union of Metalworkers of SA (Numsa), the SA Cabin Crew Association (Sacca) and the SA Airways Pilots Association (Saapa) had written to object to the publication of the plan on 8 June, pending further engagements in the Leadership Compact Forum created between the Department of Public Enterprises and unions to see how the airline could be saved, or a new airline created. The three unions, which collectively represent about 65% of SAA’s employees, had requested an extension until 15 June. The airline's creditors have until close of day on Monday to decide whether they wanted to approve the extension or not.
- Read the full original of the report in the above regard by Carin Smith at News24
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