South African Airways said its restructuring plan launched last year so far has yielded ZAR1 billion ($130 million) in annual cost savings and the program is on track to allow the carrier to begin achieving "sustainable profitability by March 2009." On the labor front, SAA said it has reached agreement on new multiyear deals with unions representing cabin crew and ground staff, while pilots are in the process of ratifying a tentative agreement that will "guarantee" a 5% productivity ...

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