Global problems as SAA cuts 38 routes in survival bid
South African Airways cut 38 local and international flights this week, an indication of a possible downsizing of the cash-strapped national carrier to avoid total collapse.
South African Airways cut 38 local and international flights this week, an indication of a possible downsizing of the cash-strapped national carrier to avoid total collapse.
South African Airways will receive additional state funding after Chief Executive Officer Vuyani Jarana resigned over what he said was a lack of government support for the loss-making carrier.
The question has to be asked; is Tito Mboweni allowing SAA a merciful death rather than depleting the Eskom-thinned state coffers any further?
South African Airways’s prospects of surviving in its current form took a hit over the weekend when news broke that Chief Executive Officer Vuyani Jarana quit over a lack of government support.
The CEO’s resignation is a blow to SAA, but it is an opportunity for the shareholder to learn from these mistakes, says the Pilot’s Association.
South African Airways Chief Executive Officer Vuyani Jarana quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.
The Free Market Foundation believes SAA is a vanity project driven by outdated socialist ideology and apartheid-like thinking which centralises everything in a command economy.
At least the new SAA leadership are facing up to reality without blaming anyone publicly, not even their predecessors.
South African Airways will create three distinct business units focusing on domestic flights, pan-African travel and other international routes as the debt-laden airline battles to repair its balance sheet.
South Africa’s struggling state airline is making progress in talks to renegotiate debts due early this year as it seeks to avert the threat of closure, reports the Financial Times.