Articles tagged “south african airways”

South African Airways CEO Quits Over Lack of Funding for Turnaround Plan

South African Airways CEO Quits Over Lack of Funding for Turnaround Plan

Loni Prinsloo and Colleen Goko, Bloomberg

South Africa may want to keep its flag carrier afloat but that hope is proving hopeless. CEO Vuyani Jarana, who pledged to bring the carrier back to profit for the first time since 2011, lasted all of 18 months.

2 months ago

4 African Airlines Look to Form an Alliance

4 African Airlines Look to Form an Alliance

Kamlesh Bhuckory, Bloomberg

These struggling airlines are taking measures to gird against new competition. Keep an eye on the airline space in Africa in the new year. It could get really interesting.

7 months ago

South African Airways’ Suppliers Are Cracking Down on Getting Payments

South African Airways’ Suppliers Are Cracking Down on Getting Payments

Paul Vecchiatto, Bloomberg

Banks are losing patience with the beleaguered South African Airways and want a promise that turnaround talks will turn into action.

8 months ago

South African Airways Floats the Idea of an IPO

South African Airways Floats the Idea of an IPO

Loni Prinsloo, Bloomberg

Is this really a viable plan? We'll believe it when we see it.

8 months ago

British Airways Is Filling In Where South African Airways Is Fading

British Airways Is Filling In Where South African Airways Is Fading

Richard Holmes, Skift

To the delight of local tourism authorities, British Airways has been only too happy to fill the gap left by an ever-shrinking South African Airways. This week, Durban was the latest African city to welcome a direct route to the United Kingdom.

9 months ago

Banks Won’t Lend South African Airways Any More Money

Banks Won’t Lend South African Airways Any More Money

Paul Burkhardt, Bloomberg

South African Airways has lost money for six consecutive years, and it makes sense that banks have run out of patience. There's also little chance that Abu Dhabi-based Emirates might take an equity share in South African Airways.

10 months ago

Why Do National Airlines Still Exist?

Why Do National Airlines Still Exist?

Brian Sumers, Skift

Many politicians fear their nations will be irrelevant if they abandon their money-losing flag airlines. That's probably a stretch. In most places, the market likely would fill the gap — provided the government got out of the way. But national pride is powerful, and few people want to see storied brands disappear.

11 months ago

Emirates Says No Plans to Invest in South African Airways

Emirates Says No Plans to Invest in South African Airways

John Bowker and Layan Odeh, Bloomberg

The Abu Dhabi-based Emirates said it had no plans to take any equity share in South African Airways or any other airline as it pursues cost-conscious discipline. It was one of the last likely buyers for state-owned SAA, which has not turned a profit since 2011.

12 months ago

Emirates and Etihad In Deal Talks With South African Airways

Emirates and Etihad In Deal Talks With South African Airways

Felix Njini, Bloomberg

South African Airways desperately needs an equity partner. Of the two UAE airlines, Emirates would appear to have an edge.

12 months ago

The Folly of the State-Owned Airline

The Folly of the State-Owned Airline

Brian Sumers, Skift

The government of South Africa is adamant the country needs a global airline as a matter of national sovereignty. That has been a costly decision. Is it necessary?

1 year ago

Letting Troubled South African Airways Go Bust Isn’t So Simple: Here’s Why

Letting Troubled South African Airways Go Bust Isn’t So Simple: Here’s Why

Brian Sumers, Skift

One expert called South African Airways a "vanity project." That's probably accurate, because the carrier has lost money for six consecutive years. But the airline will survive, because the government wants it to. That's the way it works. No one wants to see a national airline disappear.

1 year ago

South African Airways Tries to Transfer Staff and Cut Low-Performing Routes

South African Airways Tries to Transfer Staff and Cut Low-Performing Routes

Kaye Wiggins, Bloomberg

The downward spiral of restructuring continues for South African Airways, which is still trying to achieve a massive turnaround in just three years, but Emirates and Turkish Airlines are ready to pick up the pieces.

1 year ago