SA Express (XZ) has reported a small net profit of ZAR650'000 (USD64'930) on the back of a 14% rise in revenue for its 2012/13 Financial Year, airline CEO Inati Ntshanga announced at the airline's AGM on Wednesday, September 25, in Johannesburg. Turnover also rose by ZAR270million, from ZARR2.021billion in 2012 to ZAR2.295billion in 2013.
Friday, September 27, 2013
Tuesday, September 24, 2013
■ SOUTH AFRICA: Denel establishes Spaceteq, a new satellite & space engineering unit within Denel Dynamics.
South African state owned aerospace and defence technology conglomerate, Denel SOC, has announced the formation of Spaceteq, a new business unit within Denel Dynamics, set to focus on the satellite and space engineering sector. The initiative is inline with the South African government's Departments of Science & Technology (DST) and Trade & Industry (DTI) call to exploit high-technology manufacturing niches, among which is satellite production.
Monday, September 23, 2013
In the interests of stirring more debate and offering a more broadly-based platform for the flow of information, ideas and opinions here on The African Aviation Tribune, I have introduced a new section to offer African aviation professionals, insiders, analysts and spectators a chance to voice their opinions, ideas and points of view on any subject pertaining to the field of Aviation in Africa.
Tuesday, September 17, 2013
Tuesday, September 10, 2013
Monwabisi Kalawe, South African Airways' (SA) Chief Executive Officer, says the airline's strategic turnaround plan #9 will be presented to a South African parliamentary inquest committee this week ahead of a possible release to the public at the airline's AGM tentatively due later this month.
Wednesday, August 21, 2013
■ SOUTH AFRICA: Gauteng calls for study on potential new international airport for Johannesburg as part of 25-Year Transport Plan.
Wednesday, August 14, 2013
■ SOUTH AFRICA: Gigaba seeks greater cooperation between Denel Aviation, SAA Technical & SAExpress Technical.
South African Minister of Public Enterprises, Malusi Gigaba, says he has directed the board of state-owned aerospace and defence technology conglomerate, Denel, to develop a long term Africa-centric growth strategy which will involve Denel Aviation collaborating with fellow parastatals, SAA Technical and SA Express Technical. The move falls in line with the Ministry's goal of developing Denel into a global player in the defence industry and to become a preferred supplier and prime contractor for the Department of Defence’s large programmes as well as for the African Continent.
Thursday, July 25, 2013
■ SOUTH AFRICA: Denel SOC posts strong $7.3million net profit for 2012/13 Financial Year as revenue grows 10%.
South African state owned aerospace and defence technology conglomerate, Denel SOC Ltd, has posted a net profit of USD7.33million (ZAR71million) for its most recent 2012/13 financial year, buoyed by a 10% increase in revenue - thanks in part to an increase in demand for its products in Africa, the Middle East, Asia-Pacific and South America - a restructuring of its debt and a reduction in its expenditure.
Friday, July 5, 2013
► SOUTH AFRICA: DoT grants fastjet Foreign Operators Permit paving way for Dar - Joburg; no mention of Kigali or Lusaka (yet).
Following on from its previous announcement, fastjet (FN) says it has been issued a Foreign Operator Permit from the South African Department of Transport thereby paving the way for the launch of flights between Dar es Salaam and Johannesburg.
Friday, May 31, 2013
Following extensive works, an SA Airlink (4X) flight from Johannesburg OR Tambo International Airport became the first aircraft to christen the new 2'700x60m runway 14/32 at Mthatha (formerly Umtata) Airport in the Eastern Cape. Both the Mthatha Airport runway and Terminal building upgrade projects form part of the wider King Sabata Dalindyebo Presidential Intervention Project led by the National Department of Transport and implemented by the Eastern Cape Department of Transport.
Tuesday, May 28, 2013
► SOUTH AFRICA: Skywise due in the skies from August 1 as DoT pours more cold water on fastjet's plans.
Johannesburg-based carrier, Skywise, the brainchild of several ex-1Time (T6) board executives, is aiming for an August 1 launch, exactly 1 month after fellow entrants, fastjet (FN), via their tie up with Federal Air (7V), plan to launch their operations.
Wednesday, May 15, 2013
South African Airways (SA) will at last, begin taking delivery of twenty Airbus A320s in the next quarter (i.e.. July - September), South African Minister of Public Enterprises, Malusi Gigaba, has said. The order has been repeatedly deferred owing to SAA's ongoing financial woes.
Monday, May 13, 2013
■ SOUTH AFRICA: ACSA outlines plans for aerotropolis at Bloemfontein's Bram Fischer International Airport.
Hot on the heels of its larger northern neighbour, Johannesburg OR Tambo International Airport and its aerotropolis/aerocity plans, Bloemfontein's Bram Fischer International Airport is now set to launch its own bid for an aerocity.
Friday, May 3, 2013
■ SOUTH AFRICA: SACAA threatens action against operator of chartered Jet Airways A330 that landed at military airbase.
The South African Civil Aviation Authority (SACAA) is considering taking action against "the operator" of a Jet Airways (9W) Airbus A330, recently chartered by South African businessman, Atul Gupta on the occasion of a family wedding, for violation of the country's Civil Aviation Regulations. The furore reportedly comes after the civilian Airbus was spotted at Pretoria's Watekloof Air Force Base, a military installation, but which has subsequently been transferred to OR Tambo International on the orders of the Ministry of Defence.
Wednesday, May 1, 2013
■ SOUTH AFRICA: Now SAExpress needs $60million in state funding to cover debt covenants with aircraft suppliers.
SA Express (XZ) is in the process of finalizing a USD60million (ZAR539million) state guarantee (read Bailout) needed to help it cover the terms of various debt covenants. The funding however, falls far short of its originally requested USD111million (ZAR1billion) extension.
Thursday, April 25, 2013
■ SOUTH AFRICA: SAA delays début bond issuance; warns it will play hardball with Airbus and Boeing in future fleet renewal talks.
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.
Sunday, April 21, 2013
South African Airways (SA) and its subsidiaries, Low Cost Carrier Mango (JE), SA Express (XZ) (and possibly SA Airlink (4Z) though no mention is made of it) could be merged into a single holding company according to a leaked SAA communique.
Friday, April 19, 2013
Ending weeks of media speculation, South African Airways (SA) has confirmed Monwabisi Kalawe as the new CEO of the airline, replacing interim CEO and Mango boss, Nico Bezuidenhout.
Sunday, March 24, 2013
■ SOUTH AFRICA: Murky business meetings and an unapproved USD1billion Airbus fleet renewal deal at centre of SAA's boardroom woes claims report.
Murky private business meetings and a USD1.08billion (ZAR10billion) fleet procurement tender awarded to Airbus Industrie SAS are at the heart of South African Airways (SA)'s boardroom troubles claims an article by the amaBhungane investigative column of The Mail & Guardian newspaper.
Sunday, March 17, 2013
■ SOUTH AFRICA: fastjet in talks with local South African partner to bypass 25% foreign ownership cap in 1Time.
Following on from our last report, LCC fastjet (FN) is now reportedly in negotiations with a "credible local South African partner" to aide in its protracted battle to acquire control of bankrupt South African carrier, 1Time (T6). This comes after an outcry from the local airline community including South African Airways and Comair Ltd, forced fastjet to rethink its strategy to acquire 1Time, which until now, has been blocked by South African law.