As required by South African law, the airline has started talks with labor unions about its plans, which could affect 944 of its 5,149 employees, SAA said in an emailed statement late Monday. The proposed reorganization includes all SAA divisions and departments, excluding low-cost arm Mango, Air Chefs and the SAA Technical unit, it said.
Identifying an equity partner has been proposed in the past, though no buyer has officially come forward. Ethiopian Airlines group chief executive officer Tewolde Gebre Mariam last month said his airline would consider taking a stake if a request was made. Richard Branson, the founder of Virgin Atlantic Airways Ltd, has said his company would also consider taking a stake.
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