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BL Premium reports that South African Airways (SAA) plans to resume flights again as of 23 September after a 15-month grounding of its aircraft.
According to the airline, it will as an initial phase operate flights from Johannesburg to Cape Town, Accra, Kinshasa, Harare, Lusaka and Maputo. The resumption of flights is pending the conclusion of a due diligence process with the airline’s strategic equity partner. Discussions between the government and the Takatso Consortium (comprising Global Aviation and Harith General Partners), which is due to hold a majority stake at the airline, are apparently at an advanced stage. The airline has been under the control of its interim management and board after it concluded a tumultuous 17-month business rescue process in April, leaving the company solvent and liquid. SAA acting CEO Thomas Kgokolo was appointed in April and tasked with overseeing the carrier’s turnaround. SAA’s low-cost subsidiary, Mango, halted operations in July and was placed in business rescue in August. The status of SAA’s troubled subsidiaries, including SAA Technical (SAAT), following the Takatso takeover remains unclear.
- Read the full original of the report in the above regard by Thando Maeko at BusinessLive (paywall access only)
- Read too, SAA set to resume flights from late September, at Moneyweb
Get other news reports at the SA Labour News home page