South African Airways

Ailing SAA gets $650M government-backed funding

The government of South Africa kept its promises and provided South African Airways (SAA) 10.5 billion rand ($650 million) necessary to implement the airline‘s restructuring plan....


Ethiopian Airlines offers pilots & planes for dying SAA

Ethiopian Airlines Group offers the operational assistance for South African Airways (SAA) as part of a joint venture with the government of South Africa.  ...


SAA suspends operations, no funding found

South African Airways (SAA) is being put under “care and maintenance” by administrators in charge of its restructuring, meaning a complete stop of the carrier's operations....


South African government says it is committed to financing SAA

The bankruptcy administrators of South African Airways (SAA) were told that the government was committed to provide 10.5 billion rand ($650 million) to the restructured airline....


South African Express staff attempts to buy the dying airline

Hundreds of South African Express Airways (SA) employees are attempting to save their jobs by taking unusual measures as a final liquidation threatens the existence of the airline....


South African government did not agree with SAA rescue plan

South African finance minister Tito Mboweni says the government has not committed to fund the new South African Airways (SAA) rescue plan....


South African Airways headed for privatization?

Unfavorable market conditions and a very fragile financial situation have not scared away potential South African Airways investors, as the South African government indicated there are several interested parties, including partner airlines to make South Africa into a formidable force in the aviation industry....


South African Airways‘ rescue plan priced at $580 million

As part of an ongoing restructuring process and effort to salvage South African Airways and maintain the airline as South Africa‘s main state carrier, a rescue plan involving a 10 billion rands ($580...


Another government bailout for South African Airways?

The South African government is ready to inject more cash into South African Airways, a leaked draft plan revealed. $1.8 billion could be allocated as part of a “final” restructuring plan....


South African Airways denies operations cease on May 8 2020

Troubled South African Airways said it would continue repatriation and cargo flights at least throughout May. The airline was previously expected to cease all operations on May 8, 2020. ...