SAA mum on claims of acting recklessly
The airline says it’s been advised by its legal advisors not to speak in public on this issue.
JOHANNESBURG - South African Airways (SAA) says it's not going to comment about an internal memo claiming it could be acting recklessly because of its financial position, but says it stands by its presentation to Parliament in which it said it was on a sound footing.
At the same time, the Business Day newspaper says if SAA doesn't go to court to get a permanent order gagging it from publishing the memo by 5pm today, it will apply to have the temporary order overturned.
SAA obtained the interim order on Monday night claiming the document was legally privileged.
In a statement, SAA says it wants to confirm its financial status as presented to Parliament's finance committee hasn't changed and that it refutes and dismisses any reports claiming that presentation was wrong.
It also says it's been advised by its legal advisors not to speak more in public on this issue.
But SA Flyer magazine editor Guy Leach says certain clauses in plane leasing contracts do mean it's flying close to the edge.
"If they miss a payment on any lease then all the other leasors can call in their leases immediately and that would hurt the airline. Not just illiquid but make it bankrupt."
Meanwhile, Business Day says it's ready to go to court to argue against making the order preventing it from publishing this memo permanent.