South African Airways (SA) is to delay its début USD160million (ZAR1.5 billion) bond sale, originally slated for March, until its chief financier and backer, the South African government, approves the airline’s recently submitted turnaround plan. The turnaround plan will also play a pivotal part in deciding the airline's long term fleet acquisition plans; a bone of serious contention in the recent past.
Thursday, April 25, 2013
Monday, March 11, 2013
Sections of the South African travel media have speculated that incumbent South African Airways (SA) CEO Nico Bezuidenhout, who is also the CEO of SAA's LCC wing, Mango, is likely to be confirmed as the carrier's de facto boss.
Wednesday, February 20, 2013
■ SOUTH AFRICA: SAA's ninth turnaround plan in 13 years will work because it is "cutting edge" claims Myeni.
South African Airways (SAA) acting board chairman Ms. Duduzile Myeni claims that the airline's latest turnaround plan, its ninth in 13 years, set to be presented on either March 28 or 2 April, will be "cutting edge" and will be more successful than its eight predecessors because it has been developed and "owned by our own people".
Monday, February 11, 2013
South African Airways (SA) has flown into yet more board room trouble as reports emerge that it has now placed its acting CEO, Vuyisile Kona, on precautionary suspension, effective immediately.
Thursday, January 24, 2013
► TANZANIA: South Africa's Mango sets sights on East Africa with Zanzibar a possible launch destination.
South African Low Cost Carrier Mango (JE) is set to expand into the East African market in the coming 18 months according to Mango CEO Nico Bezuidenhout with the strongest contender on the carrier's list said to be Zanzibar, where the carrier operated a limited charter service in December.