All Africa news – Page 21

  • SAA tails
    News

    SAA unions force further delay to business plan publication

    2020-06-08T08:52:00Z

    South African Airways’ rescuers are seeking creditors’ approval for a further postponement to the deadline for publishing a business plan for the embattled flag-carrier. The rescue practitioners have previously secured four extensions to deadlines for publishing a plan – the most recent to 8 June – since SAA entered ...

  • B737-8-comair-2-c-Boeing-640
    News

    Comair to cut fleet and remain inactive until November

    2020-06-03T09:29:00Z

    South African carrier Comair requires a substantial cash injection and is unlikely to resume operations until at least November. Its fleet will also be reduced to 16 aircraft, comprising 13 Boeing 737-800s and three spare 737-400s. The airline’s business rescue practitioners have outlined the situation to creditors and ...

  • SAA and EgyptAir at Johannesburg airport in March 2019 shutterstock_1737560327
    In depth

    Coronavirus pushes fragile African carriers closer to the edge

    2020-06-02T15:14:00Z

    While no region has escaped the impact of the coronavirus grounding, arguably its most immediate damage has been felt among Africa’s already struggling carriers.

  • SAA A350
    News

    South African carriers urge system stress-test to speed recovery

    2020-06-02T06:59:00Z

    South African carriers are urging the government to stress-test the early restoration of domestic air services, to quicken the introduction of an expanded route network. Operators have been forced to suspend services after South Africa entered a national lockdown on 26 March. The government’s coronavirus response plan entered ...

  • SAA A340
    News

    SAA draft rescue plan signals termination of half its fleet leases

    2020-06-01T19:19:00Z

    South African Airways’ rescuers are terminating leases on nearly half the airline’s 40 leased aircraft, while those on another 15 have been undergoing renegotiation. The carrier had a fleet of 49 jets when it entered the business rescue process on 5 December last year, including nine A340-300s and -600s ...

  • E190-E2-Congo-Airways-Embraer 052620
    News

    Congo Airways eyes expansion within Africa as competitors struggle

    2020-06-01T14:23:00Z

    Congo Airways’ decision to swap orders for Embraer 175s to larger E190-E2s party reflects an effort by the company to expand on routes previously served by financially struggling competitor South African Airways (SAA).

  • SAA tail
    News

    Draft plan indicates restructured SAA would lose R20bn in first three years

    2020-06-01T11:50:00Z

    Preliminary projections for a restructured South African Airways indicate the carrier would lose close to R20 billion ($1.1 billion) over the first three years, before it started turning a profit. The operation would have a fleet of 40 aircraft, according to a draft business plan obtained by the country’s ...

  • SAA tail
    News

    SAA rescuers request time to consult on government proposals

    2020-05-29T11:03:00Z

    South African Airways’ rescue practitioners are seeking an extension to the deadline for publishing a business plan for the troubled flag-carrier. Under South African legislation a business plan is normally required within 25 days of a company entering business rescue, but extensions can be granted if necessary. SAA, ...

  • Kenya Airways Embraer 190shutterstock_1618404946
    News

    Kenya Airways losses widen in 2019 on higher costs

    2020-05-27T17:31:00Z

    Kenya Airways pre-tax losses deepened to KSh13 billion for the year ending December 2019 despite increasing passenger levels and revenues.

  • SAA A340
    News

    Administrators see ‘reasonable’ prospect of SAA rescue

    2020-05-27T16:45:00Z

    Business rescue practitioners at South African Airways describe as “reasonable” the prospects of rescuing the struggling carrier, though stress this is dependent on the necessary funding.

  • SAA A330
    News

    ​SAA rescuers pour cold water on plan to resume domestic flights

    2020-05-27T10:03:00Z

    South African Airways’ plan to restart domestic flights in mid-June has been called into question by its rescuers, who have criticised the airline for releasing an “unvetted” public statement that created an “unfair expectation” among stakeholders.

  • KAI KT-1
    News

    Senegal receives first two KT-1 trainers

    2020-05-27T01:53:00Z

    Senegal has taken delivery of its first two Korea Aerospace Industries KT-1 turboprop trainers, with an additional pair to arrive by year-end. 

  • SAA tails
    News

    Government puts R10bn aside for SAA in medium term

    2020-05-20T19:29:00Z

    South Africa’s government has provisionally set aside R3.8 billion ($212 million) for troubled flag-carrier South African Airways and another R164 million for SA Express in the current fiscal year. Department of public enterprises deputy director general Kgathatso Tlhakudi gave the figure during a 20 May presentation before the parliamentary ...

  • B737-8-comair-2-c-Boeing-640
    News

    Rescuers believe Comair has ‘reasonable’ chance of survival

    2020-05-19T19:33:00Z

    South African carrier Comair’s business rescue practitioners believe there is a reasonable chance of the Johannesburg-based airline’s being saved. The airline’s board opted to enter business rescue on 4 May. Practitioners Shaun Collyer and Richard Ferguson met with creditors and employees on 19 May to outline the carrier’s ...

  • Citation ZS-CAR
    News

    South African CAA postpones replacing lost calibration jet

    2020-05-19T16:00:00Z

    South Africa’s civil aviation regulator has been forced to defer ICAO audits, and postpone replacement of its lost flight-calibration aircraft, as a consequence of the coronavirus outbreak. The Civil Aviation Authority told a parliamentary transport portfolio committee on 18 May that it had drawn up three scenarios for the ...

  • saa
    News

    SAA rescuers given deadline to deliver business plan

    2020-05-18T08:20:00Z

    South African Airways’ rescue practitioners have been instructed to produce a formal business plan for airline within 25 days, after a parliamentary standing committee expressed dissatisfaction with a draft publication. The standing committee on public accounts is also seeking a full schedule of fees from the practitioners, their advisers, ...

  • SAA tail
    News

    SAA practitioners spent R10bn during five-month rescue effort

    2020-05-15T20:30:00Z

    South African Airways’ business rescue practitioners spent R9.9 billion ($532 million) in the five months after they were called upon to try to save the loss-making airline. Testifying by video link to a parliamentary committee on 15 May, practitioner Siviwe Dongwana stated that the sum was used between 5 ...

  • SAA tail
    News

    SAA defies shutdown as unions claim labour court victory

    2020-05-08T17:57:00Z

    South African Airways is to continue conducting services for the time being, defying the 8 May date for cessation of operations given by the airline’s business rescue practitioners Unions are claiming a Labour Court victory after they brought a case to halt a retrenchment process for the carrier’s personnel. ...

  • SAA tails
    News

    SAA on brink as government scrambles to defer ‘drop dead’ date

    2020-05-07T14:38:00Z

    South Africa’s government is urgently trying to extend the period of operations for South African Airways after the carrier’s business rescue practitioners warned that 8 May would amount to a “drop dead” day when all flights would cease. The country’s public enterprises minister, Pravin Gordhan, outlined to a parliamentary ...

  • mango lead
    News

    Mango 737 ground-collision crew opted against safer taxi route

    2020-05-07T11:26:00Z

    South African investigators have stated that Johannesburg airport ground control should have instructed pilots of a Mango Boeing 737-800 to deviate from a taxiway, rather than give them the option, before the aircraft struck a taxiing Comair jet. But the inquiry into the incident, on 19 April last year, ...