The business rescue practitioners said the statement was released in violation of communications protocols put in place so that “unvetted” releases were not issued.
“The position around the cessation of flights remains as is until SAA has a better sense of what the level 3 lockdown means in terms of domestic air travel,” they said in a statement.
“The airline also needs to consider what the opening of the skies will mean from a commercial and load factor perspective. SAA’s future funding also remains a key variable in all of the above considerations.”
According to the practitioners, the SAA statement created an “unfair expectation on our relevant stakeholders, including SAA’s customers as well as employees, who are on unpaid absence as a result of the travel ban which led to the halting of the company’s operations and compounded its financial distress”.
“The BRPs' focus is on the publication of the Business Rescue Plan as outlined in the Scopa [Standing Committee on Public Accounts ] update on 15 May 2020.”