SAA makes major route cuts

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  • capetonianm
    Participant

    https://city-press.news24.com/Business/saa-keeps-financials-under-wraps-20200221

    SAA dares not publish its financial statements of the past two years because it would almost certainly be liquidated if it did, Public Enterprises Minister Pravin Gordhan has told Parliament.


    SimonS1
    Participant

    It has been reported on the city newswires that this week’s budget allocated R16.4bn to cover debt service at SAA, up from the R9.2bn allocated under the last budget.

    The carrier has now lost R32 billion over 10 years.

    Total basket case. You would be mad to buy tickets very far in advance when it could go bust at any moment.


    capetonianm
    Participant

    You’d think so, Simon, but the government seems to be prepared to put limitless amounts of taxpayers’ money into it to keep it going, purely because it suits the ANC’s agenda to have a national carrier to provide free transport and sheltered employment for their cronies.


    capetonianm
    Participant

    Cash crunch at SA Express means the airline cannot afford aircraft maintenance

    No surprise, but worrying and shameful.

    1 user thanked author for this post.

    openfly
    Participant

    South Africa’s airlines will all have even more hard times once the truth about corona virus numbers come out.
    I gather from folks down there that some care homes in the CapeTown area are in lockdown. The truth will out!
    Of course SAA will continue to operate what ever happens!


    SimonS1
    Participant

    I imagine Coronavirus will be the factor which tips SAA over the edge.


    capetonianm
    Participant

    Their JNB-LHR flight left last night with 37 Y pax and about 15 in C.


    capetonianm
    Participant

    State-owned SA Express grounded.

    SA Express said it would suspend operations from Wednesday, due in part to the impact of the Covid-19 pandemic.

    Customers will be accommodated on alternative flights and “non-critical” staff will be placed on compulsory leave, the airline said in a statement issued late on Tuesday night.

    “In light of adverse recent developments including the impact of the Covid-19 pandemic, SA Express announces that it will suspend operations from 18 March 2020 until further notice,” the statement read.

    SA Express is a state-owned, regional airline operates domestic routes as well as to regions such as Namibia, Botswana, Zimbabwe and the DRC.

    SA Express was placed under business rescue by order of the courts in early February, Fin24 previously reported.

    For avoidance of doubt, SA Express and SA Airlink are entirely separate companies.


    capetonianm
    Participant

    I am not sure what SAA’s definition of ‘international’ is, but it appears that they mean intercontinental.

    Currently in the air is a JNB-LOS, a WDH JNB, and a MRU-JNB has just landed.

    Tomorrow’s picture may be very different.

Viewing 10 posts - 16 through 25 (of 25 total)
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