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A South African Airways A340-600. (Photo: Konstantin von Wedelstaedt [GFDL 1.2 (http://www.gnu.org/licenses/old-licenses/fdl-1.2.html) or GFDL 1.2 (http://www.gnu.org/licenses/old-licenses/fdl-1.2.html)], via Wikimedia Commons)

South African Airways Eyes Asset Sales to Accommodate Next-Generation Jets

In a tender posted on its website, South African Airways is now readying the sale of some of its assets that include five Airbus A340-300s and four Airbus A340-600s along with 15 spare engines and auxiliary power units. According to the company's acting CEO Zuks Ramasia, the sale of these assets will pave the way for newer aircraft with more fuel efficiency and improved passenger comfort, also replacing the aging fleet of Airbus A340s. This comes barely two months after…