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Showing posts with label South Africa Government. Show all posts
Showing posts with label South Africa Government. Show all posts

Tuesday, February 26, 2013

■ SOUTH AFRICA: Comair Ltd takes SAA's current and previous bailouts to the High Court; disputes their legality.

Comair LtdSouth Africa's Comair Ltd, the British Airways (BA) franchise owner for South Africa and owner of LCC kulula (MN), is to dispute the legality of South African national carrier, South African Airways (SA)'s ZAR5billion bail out from Government last year and its previous injections amounting to ZAR11billion, in the High Court in Pretoria tomorrow.

Wednesday, February 20, 2013

■ SOUTH AFRICA: SAA's ninth turnaround plan in 13 years will work because it is "cutting edge" claims Myeni.

SAA logoSouth 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".

Friday, January 18, 2013

Sunday, January 6, 2013

■ SOUTH AFRICA: SAA gets another USD64million bailout as poor fuel sourcing deals return to haunt the carrier.

SAA logoSouth African Airways' (SA) perennial problems with sourcing competitively priced Jet A1 fuel came back to haunt it once more as reports emerge of the carrier receiving an emergency USD64million (ZAR550million) "bank facility" from its sole shareholder, the South African government.