Government defends public funding of SAA rescue plan
South Africa’s government has defended its R10.5 billion ($640 million) funding of South African Airways’ rescue plan, insisting that the financing will help finalise the restructuring and assist the selection of a strategic equity partner.
South Africans urged to boycott SAA over government bailout
South African citizens are being urged to boycott flag-carrier South African Airways by an anti-maladministration organisation which focuses on the country’s state-owned enterprises.
Finance minister castigated as state bails out SAA
South African Airways is to be allocated R10.5 billion ($642 million) to implement its business rescue plan, the country’s finance minister has disclosed in a speech to parliament.
Airline cash burn to continue throughout 2021: IATA
Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions, according to IATA.
IATA downgrades Africa and Middle East traffic forecasts
IATA has sharply lowered its 2020 guidance for air traffic in the Middle East and Africa, citing “weaker-than-expected recovery” in each region.
Uganda Airlines’ first A330-800 emerges in full colours
Airbus has rolled out the first A330-800 for Uganda Airlines, following completion of the twinjet’s livery painting.
Airline coronavirus recovery tracker: October 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
Person ‘more likely to be hit by lightning’ than catch Covid-19 in aircraft
Data suggests that an individual has a much greater chance of being hit by lightning over a 12-month period than they would of catching Covid-19 during a commercial flight, according to IATA.
SAA maintenance arm lifts service suspension against house carriers
South African Airways’ maintenance arm, SAA Technical, has started reinstating its services after suspending them to four customers over outstanding payments.
SAA suspends operations as rescuers seek to preserve finances
South African Airways has suspended all airline operations while its rescuers assess options to obtain urgent funding for the embattled flag-carrier.