SAA makes major route cutsBack to Forum
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.23 Feb 2020
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.28 Feb 2020
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.28 Feb 2020
No surprise, but worrying and shameful.
1 user thanked author for this post.12 Mar 2020
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!12 Mar 2020
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.18 Mar 2020
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.20 Mar 2020
SAA suspends domestic flights from March 27.24 Mar 2020