On Tuesday 28th January, the SAA business rescue practitioners secured further post commencement funding (PCF) of R3.5 billion from the Development Bank of Southern Africa. The purpose of the funding is to provide a bridge to facilitate the development and publication of the Business Rescue Plan by the Business Rescue Practitioners by the end […]
South African Airways (SAA) new Airbus A350-900 operated its first international flight from O.R Tambo International (ORTIA) airport to New York’s John F. Kennedy (JFK) International Airport. “This inaugural flight was the first that we plan to introduce on our international routes in the near future. We are excited that our passengers will enjoy the […]
South Africa Airways released a press release today announcing that all operations are continuing to operate as normal. The announcement follows recent industrial action by its workers over wages and job cuts. Reuters reported on Saturday that South African Airways (SAA) has nearly no cash left and may miss salary payments this month, citing comments […]
South African Airways (SAA) has put some of its aircraft up for sale to accommodate the new Airbus A350-900s the airline recently added to its fleet. In a tender on the airline’s website, SAA said it was selling nine wide-body aircraft – – five Airbus A340-300s and four Airbus A340-600s – – and 15 spare […]
South African Airways (SAA) is offering spare pilots and cabin crew for temporary or permanent contracts with other companies. As part of its turnaround strategy, the state-owned carrier is cutting unprofitable routes and thus needs fewer staff than it currently employs. CEO Vuyani Jarana announced the offer that should help SAA cut the costs in […]
