Corporate Affairs

  • 0

    SAA left with choice between wind-down or liquidation, say business rescue practitioners

    The business rescue practitioners (BRPs) appointed to implement a rescue plan for national carrier South African Airways (SAA) have announced on Thursday that without further government funding they will not be able to comply with their mandate and that their only options would be to either wind down the airline’s operations or liquidate it. The BRPs said that after the government notified them on April 10 that it would not provide them with any further funding, it is their view that the proposed actions provide “the most responsible way for a managed cessation of the operations of the airline and managing the risks of all affected parties”. 

  • 0

    Barloworld expects operating environment to remain weak, volatile

    Industrial conglomerate Barloworld on April 23 said it expects the operating environment to remain “weak and volatile” in the near term, with significantly lower activity levels in its automotive division. The statement follows in the wake of the latest consensus macroeconomic forecasts that indicate that most economies, including South Africa and the rest of Africa, are likely to enter a deep recession in the first half of this year, with recovery only starting in 2021.

  • 0

    Barloworld expects operating environment to remain weak, volatile

    Industrial conglomerate Barloworld on April 23 said it expects the operating environment to remain “weak and volatile” in the near term, with significantly lower activity levels in its automotive division. The statement follows in the wake of the latest consensus macroeconomic forecasts that indicate that most economies, including South Africa and the rest of Africa, are likely to enter a deep recession in the first half of this year, with recovery only starting in 2021.

  • 0

    Iata warns plight of African airline industry even worse than previously believed

    The International Air Transport Association (Iata), the representative body for the global airline industry, warned on April 23 that the impact of the Covid-19 pandemic on the African airline industry was going to be significantly more severe than prev…

  • 0

    Iata warns plight of African airline industry even worse than previously believed

    The International Air Transport Association (Iata), the representative body for the global airline industry, warned on April 23 that the impact of the Covid-19 pandemic on the African airline industry was going to be significantly more severe than prev…

  • 0

    Iata wants confidence-building measures to help restart air travel

    The International Air Transport Association (Iata), which is the representative body for the global airline industry, has urged governments to cooperate with the sector to implement confidence-building measures, to deal with the expected slow recovery in air passenger demand. National travel restrictions and lockdowns put in place to counter the Covid-19 pandemic have caused air passenger demand to collapse by 80% or more. “The passenger business came to a halt with unilateral government actions to stop the spread of the virus,” pointed out Iata director-general and CEO Alexandre de Juniac. “The industry re-start, however, must be built with trust and collaboration. And it must be guided by the best science we have available.”

  • 0

    Iata wants confidence-building measures to help restart air travel

    The International Air Transport Association (Iata), which is the representative body for the global airline industry, has urged governments to cooperate with the sector to implement confidence-building measures, to deal with the expected slow recovery in air passenger demand. National travel restrictions and lockdowns put in place to counter the Covid-19 pandemic have caused air passenger demand to collapse by 80% or more. “The passenger business came to a halt with unilateral government actions to stop the spread of the virus,” pointed out Iata director-general and CEO Alexandre de Juniac. “The industry re-start, however, must be built with trust and collaboration. And it must be guided by the best science we have available.”

  • 0

    Government, unions, reach some consensus on future of SAA

    In a statement dated April 21, the Department of Public Enterprises (DPE) reported that significant alignment had been achieved between the government and the relevant trade unions (and representatives of non-unionised workers) about the approach to be taken regarding financially beleaguered State-owned national flag carrier South African Airways (SAA), which was currently under business rescue. The representatives of the government and workers had held a video conference on that same day.  The …

  • 0

    Government, unions, reach some consensus on future of SAA

    In a statement dated April 21, the Department of Public Enterprises (DPE) reported that significant alignment had been achieved between the government and the relevant trade unions (and representatives of non-unionised workers) about the approach to be taken regarding financially beleaguered State-owned national flag carrier South African Airways (SAA), which was currently under business rescue. The representatives of the government and workers had held a video conference on that same day.  The …

  • 0

    Boeing announces major organisational and leadership changes

    Giant US aerospace and defence group Boeing has announced major changes in its organisation and associated leadership, which come into effect on May 1. The group, the biggest aerospace company in the world, says that these changes are intended to create greater integration within the company and permit “continuous improvement”, bring its enterprise services into alignment with the current business environment while also increasing value, streamlining senior leadership responsibilities and roles, and getting ready for the post-Covid-19 pandemic “industry footprint”. The main organisational changes are the creation of the Enterprise Operations, Finance & Strategy group, and the merger of Boeing’s legal and core compliance activities into a single division. In addition, Boeing Government Operations will take over responsibility for the company’s Global Spectrum Management operations.

Page 47 of 732« First...102030...4546474849...607080...Last »

Khudu Technologies © 2015 . All rights reserved.