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 Matuson, who have been working with company executives, creditors, government authorities and industry experts to develop a restructuring program that, as reported in a statement, will be submitted at the…
South African Airways is putting up some of its widebody Airbus A340-600 aircraft up for sale in order to accommodate some of the newer Airbus A350-900s being added to its fleet. The Johannesburg-based airline has found it necessary to sell its older Airbus aircraft to accommodate the new models with…
South African Airways (SAA) has once again been saved from collapse after the airline received funding of 3.5 billion South African Rands ($239 million USD) from a state-owned bank. The team overseeing the rescue package, the Business Rescue Practitioners declared: “We can confirm that the Development Bank of South Africa…
In the wake of the announcement earlier this week that one-fifth of South African Airways’ (SAA) employees may lose their jobs due to restructuring of the airline, two union groups have confirmed that planned strike action would still go ahead on Friday. As a result, SAA has cancelled nearly all…
The South African commercial aviation sector took another hit this week with the announcement Friday that all South African (SA) Express flights were to be grounded immediately due to maintenance concerns. Following the announcement, news agency Fin24 reported that South African Civil Aviation Authority (SACAA) was behind the grounding of…
South African Airways (SAA) is facing an uncertain future after reporting its seventh straight loss for the latest fiscal year 2017-18. The 5.7 billion rand (445 million dollars) loss, a figure more than double that expected, is the largest since the airline reported a 6.1 billion rand (476 million dollars) loss…
