Is this the end of South African Airways?

South African Airways is reportedly in discussions with its eight labor groups to offer severance packages for its entire 4,700 employee labor force according to Bloomberg News. This drastic action would permanently ground the airline and force the liquidation of its assets.

SAA was unable to convince the South African government for another bailout. The company has been in a form of bankruptcy protection since December.

SAA suspended its commercial operations at all our offices throughout the world on Friday, March 27, 2020 due to COVID-19.

South African aircraft photo gallery: