SA should act to preserve SAA and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ANC MPs. The assessment, seen by Bloomberg, was prepared by African Aviation Services and dated October 4. It was presented to a group of ANC MPs on Monday,[…]
South African airline Mango may be forced to ground all flights from midnight after SAA Technical decided to withdraw its services due to non-payment. This means passengers could be left stranded from Sunday after the commercial airline failed to pay SAA Technical for its services. SAA spokesperson Tladi Tladi has[…]
South Africa’s government said it was concerned that a business rescue plan for troubled national carrier SAA published late on Tuesday might not be adequate. The government placed financially strapped South African Airways under business rescue last December, but efforts to revive its fortunes have so far stuttered partly due[…]
The National Union of Metalworkers of South Africa said it was shocked and dismayed after airline Comair announced on Tuesday that it was going into business rescue. Comair, which operates British Airways and low-cost airline kulula.com in South Africa, said it had no choice but to make the move after[…]
The National Union of Metalworkers of South Africa and the South African Cabin Crew Association said they had had constructive discussions with the government on ensuring the continued existence of troubled national carrier South African Airways (SAA) and fellow state-owned airline SA Express. The unions have been critical of the[…]
Former South African Airways (SAA) board chairperson Dudu Myeni says the only reason she stopped the signing of a deal with Emirates Airlines was because she was under the impression that some board members were not yet satisfied with the deal. Myeni has been accused of stopping former acting CEO[…]
The Democratic Alliance (DA) said on Tuesday it would write to the Minister of Trade and Industry, Ibrahim Patel, to obtain full details of the reported loan of R3.5 billion that the Development Bank of Southern Africa (DBSA) had allegedly made available to SAA. “Given the fact that the Bank[…]
SAA cancelled some of its local and international flights, saying the decision was aimed at saving cash and optimising its position ahead of a further capital injection. Finance Minister Tito Mboweni says National Treasury is working around the clock to try and secure SAA’s R2 billion bailout as soon as[…]
The ANC’s national executive committee (NEC) is expected to hammer out some tough points around SAA and Eskom this coming weekend. Issues concerning SAA were partially discussed at the party’s last meeting shortly before the January 8 celebrations. National spokesperson Pule Mabe said the topic was deferred to this week’s[…]
Public enterprises minister Pravin Gordhan said embattled SA Airways (SAA) going into urgent business rescue was not a bailout, but would restore the confidence of the airline and help safeguard the entity. Gordhan said the decision for the airline to go into business rescue was supported by government. He said[…]
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