October 5, 2020 6:00 am ET
September 28, 2020 8:04 am ET
July 15, 2020 10:00 pm ET -
Creditors Approve New Rescue Plan for South African Airways
South African Airways has had yet another business rescue plan approved by creditors. The new plan requires at least 10 billion rands funding ($596 million) of government funding to sustain the airline. This was approved during a creditors meeting held…
June 2, 2020 10:45 am ET -
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)…
May 21, 2020 11:30 am ET -
South Africa Budgets More Funds for SAA and SA Express
In a briefing on Wednesday to the Parliament for the South Africa Department of Public Enterprises (DPE), acting Director-General Kgathatso Tlhakudi presented the department’s budget plan for state-owned South African Airways (SAA) and SA Express airlines. South Africa’s government is…
March 24, 2020 10:00 am ET -
Pandemic Continues to Fuel More Pressure on African Airlines
The global aviation industry remains to be the worst-hit industry with the unprecedented pandemic continuing to bite out the world's biggest economies which the industry plays an integral role. COVID-19 has hit African airlines with the African Airlines Association (AFRAA)…
February 9, 2020 11:58 am ET -
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…