Once Africa's second-largest airline after Ethiopian Airlines, SAA had survived for decades on government bailouts and was shedding routes even before the Covid-19 pandemic struck.
The government agreed in June to sell a 51% stake to a group of investors called the Takatso Consortium, opening the way to a potential injection of $200 million.Even after a state bailout of more than $500 million and a restructuring of its debt, the airline only emerged from bankruptcy after slashing hundreds of jobs.
It's a big day for South African Airways. After being grounded for a year and a half, the first flight is expected to take off any moment now. eNCA's Heidi Giokos is on the viewing deck at OR Tambo International Airport. CourtesyIn addition to the domestic route that resumed on Thursday, SAA plans to begin regional services next week to Accra, Kinshasa, Lusaka, Harare and Maputo.
Chief finance officer Fikile Mhlonto said this week that the airline's fleet is down to six planes, from a previous 46.- Additional reporting eNCA -
I wonder when they will come knocking at the tax payers door again?
Big question on standard of Pilots and mechanic
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SAA Finds Its Wings | WATCH | SAA takes to the skieseNCA Business Editor, Devan Murugan, is at OR Tambo International Airport. Nazoke🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🌟💫✨💫💫💫💫💫💫💫💫💫💫💫🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳 Until the whole world get to know how good and generous she's I won't stop saying this cause my life has taken another greatly shape financially, LindaStouffes Ok. Let’s see if they sell tickets now?
Source: eNCA - 🏆 49. / 51 Read more »
SAA to resume flights on ThursdaySAA has had to let go of several aircraft and it’s unclear where the state-owned airline will find money to buy more planes. I can’t believe that South Africans (except politicians past and present) will actually support you after all the squandered public funds and years bail out! flysaa Must be all those govt members grabbing their free flights. eNCA , You can do better than showing us mixed content on eTV. The station has been showing people whispering to each other while the sound in the back ground is of local soapies in local languages. We can't watch e news , it's just chaos. Two days now . Please do something
Source: eNCA - 🏆 49. / 51 Read more »
SAA takes to the skies again after 18 months grounded - The Mail & GuardianSAA is set to take to the skies again on 23 September after being grounded for a year and a half. The airline enters a market that underwent seismic shifts in the wake of the industry-bashing pandemic, but is poised for a small but neat restart.
Source: mailandguardian - 🏆 2. / 92 Read more »
Government aims to close SAA deal with Takatso by year’s endConsortium will hold majority stake in airline in terms of transaction Close it? Lento sebeyixoxe nobani vele?
Source: BDliveSA - 🏆 12. / 63 Read more »
544 days later, and SAA is finally back in the airThursday morning sees a slimmed-down SAA operate its first flight –from Johannesburg to Cape Town – after the airline was grounded in March last year. Takatso official partner? I'm happy to join those who are sharing the good news about shantelll_142 . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with shantelll_142 i got my withdrawal safely without any interruption. Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R60,000 within five days of investment shantelll_142
Source: TheCitizen_News - 🏆 6. / 75 Read more »
WATCH: Conor McGregor's 'most devastating first pitch ever seen'The Irishman was chosen to throw the first pitch at a Major League Baseball game this week. That lefthand has lost it's aim me thinks?......badly.
Source: TheCitizen_News - 🏆 6. / 75 Read more »