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A Kenya Airways 787-8. The airline has decided to lay off half of its pilots. (Photo: AirlineGeeks | William Derrickson)

Kenya Airways Gears Up for Government Takeover Amid Massive Layoff Reports

In a bid to retain its financial flexibility and optimize on the lack of connectivity throughout Africa, the government of Kenya is on the verge of nationalizing its flag carrier to retain market share while aiding the troubled airline in its restructuring process. Lawmakers passed the nationalization bill which entails a National Aviation and Management Bill that will mark a major shake-up to the country’s aviation industry and presumably aid the airline towards profitability. Among the key agendas in the…

South African Airways to Receive $1.2 Billion Government Bailout

The South African government has agreed to finance the restructuring of South African Airways (SAA) as indicated in a copy of a draft plan shown on Monday. The draft plan involves a government agreement to spend R21 billion ($1.2 billion) to restructure SAA. According to the draft plan, a working…

South African Airways Liquidation Unlikely for Now

The immediate liquidation threat of South African Airways (SAA) may be averted for now as announced by the Department of Public Enterprises (DPE) on Saturday. The new deadline for the proposed employment agreement has also been extended to May 1, 2020. DPE also acknowledged an agreement was reached in a…

South African Airways Axes Routes to Regain Profitability

As part of the bankruptcy protection process initiated at the end of 2019, South African Airways last week announced a series of measures that seek to return profitability to its operations. The process is in the hands of two consultants specialized in these practices, led by Siviwe Dongwana and Les…