Articles tagged “south african airways”

South Africa Relinquishes Control of Flag Carrier in Risky Effort to Save It

South Africa Relinquishes Control of Flag Carrier in Risky Effort to Save It

Mike Cohen and Christopher Jasper, Bloomberg

South Africa's national carrier is in dire straits, and some say the latest move by the government to save it is merely delaying the inevitable.

2 months ago

South African Government Will Take Tough Approach Over Struggling Flag Carrier

South African Government Will Take Tough Approach Over Struggling Flag Carrier

Andres Guerra Luz, Bloomberg

Sounds like the government intends to play hardball with South African Airways. Given the carrier's financial struggles and current labor unrest, a turnaround seems pretty remote at the moment.

3 months ago

South African Airways May Fire a Fifth of Its Employees in Restructuring

South African Airways May Fire a Fifth of Its Employees in Restructuring

Hilton Shone, Bloomberg

Nearly 1,000 people might be losing their jobs as the airline tries to slow its ongoing losses. Hopefully the company doesn't meet the same fate as Jet Airways, the Indian airline that was grounded earlier this year after racking up over $1 billion in debt.

3 months ago

Ethiopian Airlines Considers Buying a Stake in South African Airways

Ethiopian Airlines Considers Buying a Stake in South African Airways

John Bowker, Bloomberg

Ethiopian Airlines is a an African aviation success story. Would it really be a good idea to get involved with the struggling South African Airways?

4 months ago

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.

9 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

2 years ago