South African Airways Receives Government Bailout Package

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…

South African Airways’ Survival In Jeopardy As Strikes Force Flight…

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…

SA Express Grounded by South African Civil Aviation a Day…

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 Posts Seventh Straight Loss, Shows Uncertain Future

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…