Showing posts with label VelvetSky. Show all posts
Showing posts with label VelvetSky. Show all posts

Thursday, June 14, 2012

● IATA: Strong growth for Africa in 2011/2012 but lower profits; The winners & losers so far.

The International Air Transport Association (IATA), which represents some 240 airlines worldwide and comprising 84% of total air traffic, has released its annual statistics for the year 2011/2012, with Africa showing very strong growth in terms of actual passengers carried, as well as freight tonnage hauled, in stark contrast to crisis ridden Europe, which has struggled some what.

Tuesday, May 15, 2012

■ SOUTH AFRICA: VelvetSky in liquidation; SAA likely to get USD$750m government cash injection.

South African Airways logoSouth African Airways (SA) says it is optimistic that its request for ZAR6billion (USD$733million) from the South African Government will be granted, thereby allowing it to proceed with its planned fleet renewal as reported previously by The African Aviation Tribune.