Aviation: SAA reveals that Mango Airlines lost money for the 2nd time in 10years

Skytrax

Mango Airlines made a net loss of R36.9 million in the year ended March 2016, its most recent financial statements show. Fin24 was given a copy of Mango’s 2014/15 and 2015/16 annual financial results on Tuesday, after South African Airways (SAA) chairperson Dudu Myeni delivered outstanding annual financial statements of SAA’s subsidiaries to the Standing Committee on Finance. The parliamentary […]

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African Aviation: Airlines to Earn $39.4bn in 2016, Africa Carriers to Lose $0.5bn

by Chinedu Eze The outgoing Director General and Chief Executive Officer of the International Air Transport Association (IATA), Tony Tyler, has announced that member airlines would earn about $39.4 billion this year. Speaking at the opening of the 72nd IATA Annual General Meeting in Dublin yesterday, Tyler explained that airlines would earn more this year than initially projected. In December […]

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No Major Airline and Aviation Hub in West and Central Africa – Minister

The Minister of State, Aviation, Sen. Hadi Sirika, said on Monday that the West and Central African region was existing without any significant aviation business hub. Sirika said this in Abuja at the 2016 Aviation Day Africa organised by the International Air Transport Association (IATA) with the theme “Driving Economies Through The Power of Aviation’’. The minister was represented by […]

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