All South African Airways articles

  • SAA A340
    News

    Opposition remains highly suspicious over SAA rescue funding

    2020-07-21T10:52:00Z

    South Africa’s treasury has yet to detail how it intends to fund the rescue plan for South African Airways, as the country’s political opposition warns that it will intervene to prevent any illegitimate attempts to finance the airline’s revival. While finance minister Tito Mboweni appears to have reassured the ...

  • SAA tail
    News

    Government yet to clarify any funding commitment to rescue SAA

    2020-07-16T10:15:00Z

    South African Airways’ state shareholder, the department of public enterprises, is claiming that the government is committing to funding the newly-agreed rescue plan for the airline, but details on the source of any financial support remain hazy. The department says the government is required to provide the rescue practitioners ...

  • SAA A350
    News

    Creditors approve South African Airways rescue plan

    2020-07-14T15:08:00Z

    Creditors have today approved a business rescue plan (BRP) for South African Airways.

  • SAA A330
    News

    Government tries to divide SAA pilots as creditor vote looms

    2020-07-14T07:01:00Z

    South Africa’s government is appealing to individual South African Airways pilots to break from their union’s position and accept voluntary severance packages, as the beleaguered airline faces a critical creditor vote on its proposed rescue. Cockpit union SAAPA has put forward alternative proposals intended to reduce retrenchments and increase ...

  • SAA A330 header
    News

    SAA pilots seeking ‘unaffordable’ staff retention: government

    2020-07-10T19:37:00Z

    South African Airways pilots have sought to more than halve the proposed number of employee retrenchments, and instead retain almost 3,100 personnel for the carrier’s relaunch, according to the country’s government. But the proposal has been dismissed by the department of public enterprises, which insists it is “not prepared ...

  • SAA A340
    News

    SAA pilots isolated as other unions gradually back severance scheme

    2020-07-08T10:44:00Z

    South African Airways unions have largely indicated acceptance of voluntary severance packages as part of the airline’s rescue, after the government warned that workers’ representatives that it cannot improve on the severance offers. Cockpit union SAAPA has not followed other unions’ gradual shift into accepting the proposals, but it ...

  • SAA A330 header
    News

    SAA rescue remains uncertain as treasury highlights funding pressures

    2020-07-03T12:02:00Z

    South Africa’s government is urging creditors and unions to support South African Airways’ proposed rescue, warning that the airline’s liquidation is the worse of the options available. But the opposition Democratic Alliance believes the country’s treasury, which is having to cope with funding pressures from the coronavirus crisis, is ...

  • SAA A330 header
    News

    SAA’s future remains in limbo as unions secure delay to rescue vote

    2020-06-26T09:42:00Z

    Decisions on the future of South African Airways have been pushed back by nearly three weeks, after three unions secured an adjournment of a crucial creditor meeting, in order to buy time to adjust the business rescue plan. The SAAPA, SACCA and NUMSA unions – representing pilots, cabin crew, ...

  • saa
    News

    Government urges support as SAA rescue faces critical creditor vote

    2020-06-25T08:23:00Z

    South African Airways’ creditors are set to decide the future of the troubled flag-carrier, more than half a year after it entered a business rescue scheme, with the government urging support for a new business plan. At least 75% support from creditor voting interests, following a meeting due to ...

  • SAA tail
    News

    Government reviewing funding proposals for restructuring SAA

    2020-06-24T09:30:00Z

    South Africa’s government is claiming to have received a number of unsolicited proposals to fund a new national airline in the aftermath of South African Airways’ business rescue process. These proposals have been received from private-sector funds, equity investors, and potential airline partners, says the government’s department of public ...

  • Airlink nose
    News

    South Africa’s Airlink bids to have SAA liquidated

    2020-06-22T08:58:00Z

    South African carrier Airlink is attempting to disrupt plans to convene a creditors’ meeting to discuss whether to approve the rescue plan for South African Airways, and is seeking to have the airline liquidated. The government’s department of public enterprises says Airlink has filed a court motion “aimed at ...

  • SAA tails
    News

    SAA rescue plan revises down initial heavy losses

    2020-06-21T09:55:00Z

    South African Airways’ final business rescue plan considerably revises down the losses projected over the first three years for the restructured carrier. While a draft plan circulated at the beginning of June indicated losses close to R20 billion ($1.1 billion) for the period, the final plan estimates pre-tax losses ...

  • SAA A340 title
    News

    SAA rescue plan sets out initial fleet and personnel requirements

    2020-06-19T20:39:00Z

    South African Airways’ resurrection plan would involve an initial restart period of eight months, running to January 2021. Over this period the fleet would be gradually built up to around 26 aircraft, comprising seven long-haul jets – about half of which would be in place at the end of ...

  • SAA tail
    News

    Government unsure over SAA plan as opposition demand carrier’s liquidation

    2020-06-17T22:46:00Z

    South Africa’s government has expressed doubts as to whether the long-awaited business rescue plan for South African Airways will meet its expectations for creating a viable and sustainable national carrier. Publication of the plan has also drawn condemnation from the opposition Democratic Alliance party, which says the strategy relies ...

  • SAA tails
    News

    External carriers should be handed repatriation services: South African opposition

    2020-06-10T13:26:00Z

    South Africa’s shadow public enterprises minister is insisting that the government ease air transport pressures by allowing other operators to conduct repatriation services. Ghaleb Cachalia, from the opposition Democratic Alliance party, argues that South African Airways – which has been mired in a drawn-out business rescue process – does ...

  • 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 ...

  • 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 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 ...

  • 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, ...

  • 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.