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Fin24 reports that a coalition of unions at SA Airways Technical (SAAT), namely Solidarity, the Aviation Union of Southern Africa (Ausa) and the SA Transport and Allied Workers Union (Satawu), informed their members on Thursday that it was still unclear whether there would be any money to pay the salaries this month.
But, SAAT management confirmed on Friday evening that arrangements have been put in place to have 100% of March 2021 salaries paid to all SAAT employees on 1 April 2021. It is not clear where the money will come from. SAAT is a subsidiary of SA Airways (SAA). Unlike SAA, its subsidiaries - SAAT, Mango and AirChefs - are not in business rescue. SAAT's acting CEO Terrance Naidoo said on Thursday that the company remained a solvent business that carried the support of its shareholder – the Department of Public Enterprises – as a strategic asset, essential for the aviation sector in SA and the African continent. But, he reiterated that SAAT was “at this stage faced with financial challenges in the face of the Covid-19 impact on air travel, like many other players within the aviation sector.”
- Read the full original of the report in the above regard by Carin Smith at Fin24
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