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Fin24 reports that about 95% of the members of the SAA Pilots' Association (Saapa) have voted in favour of an in-principle settlement agreement offered by South African Airways (SAA).
Saapa chairperson Captain Grant Back advised: "The in-principle agreement is now being put into proper legal context and language. In terms of the agreement, Saapa members, who haven't been paid in 15 months, will start receiving payments within 72 hours of the agreement being signed, including the 13th cheque owed from two years ago." Saapa represents at least 90% of pilots at SAA. Members, who are on strike and have also been locked-out, had until 17:00 on Sunday afternoon to cast their votes on the agreement. At least 50% plus one of Saapa members were required to vote in favour of the agreement for implementation. More than 200 SAA pilots have already taken voluntary severance packages during the airline's business rescue process. Saapa expects that a further 290 will have to be retrenched in order to narrow numbers down to the 88 pilots envisioned in terms of SAA's rescue plan. The deadlock with Saapa is one of the so-called legacy issues that the Department of Public Enterprises and SAA had to resolve. The airline's chosen strategic equity partner, the Takatso consortium, has been clear that would not be taking on legacy issues.
- Read the full original of the report in the above regard by Carin Smith at Fin24
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