South African Airways firing employeesAs I wrote about a couple of days ago, South African Airways has been cut off by the government, as the country is refusing to provide additional funding to the national airline. Bloomberg is reporting that South African Airways is currently working on creating severance packages for employees, who will be laid off starting at the end of April. The administrators behind South African Airways’ business rescue are now tasked with selling assets, including planes, valuable landing slots (especially at Heathrow Airport), etc. South African Airways A340-600 business classIn many ways the current situation at South African Airways was inevitable. Bottom lineIt sounds like South African Airways is headed for liquidation, with employees being laid off in the coming days.

Source: Ethiopian News April 18, 2020 13:55 UTC