Aviation: Comair Declares a Profit, Despite a Challenging Year

South African Comair court Comair

Comair reported a 175% year-on-year increase in earnings per share (EPS) and a 184% year-on-year increase in headline earnings per share (HEPS), bolstered by SAA’s settlement of its anticompetitive conduct. The settlement, the outcome of a 14-year court-case, amounts to R1.1bn, plus R168m in interest. It has helped offset an 82% decline in ‘normalised’ profit before taxation (profit before taxation […]

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Aviation: South African CEOs are falling like flies – with no replacements in sight

South African Comair court Comair

A third South African CEO has just quit a public company with no successor in place. Comair said late on Tuesday that Erik Venter had resigned to pursue his own interests. He’s been with the company for 23 years, 13 of them as CEO, and was instrumental in diversifying its income stream away from just plain aviation and into new […]

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Aviation: Comair South Africa based Private Airline makes profit in 2017

comair

South African private-sector airline group Comair, operator of the British Airways in South Africa and Kulula low cost carrier brands, announced on Tuesday that it had achieved a record performance for the first half of the current financial year (July 1 to December 31, 2017). Earnings before interest, taxes, depreciation and amortisation (Ebitda) came to R604-million, up from the R575-million […]

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Aviation: SAA to pay fine to Comair for unfair trade practice

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SAA to pay fine to Comair for unfair trade practice The High Court in Johannesburg has ordered South African Airways (SAA) to pay Comair over R1 billion for anti-competitive behavior by the national carrier. The judgment comes after a 14-year legal battle between the two airlines. Comair initiated the case relating to travel agent incentive schemes in favour of SAA. […]

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Tourism: Namibia growing as an exotic destination for African travellers

Africa’s business and leisure travellers are searching for local travel, meetings, and conference options with expensive travel visas and fears of terrorism across Europe and the East. Exotic destinations are becoming a stretch on the purse-strings and looking for local destinations are fast becoming a major trend. Namibia is such a destination, with the country becoming an appealing option for […]

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Aviation: Immigration staff Shortages at Oliver Tambo Airport increases South Africa Tourism woes

cape airports

The Department of Home Affairs on Friday conceded that it does not have enough personnel to deal with the rise in the number of people arriving for processing at OR Tambo International Airport. Home Affairs director-general Mkuseli Apleni told reporters in Rosebank that the average number of travellers cleared per month increased from 668 882 in 2015 to 669 621 […]

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Africa: In Response to Ethiopia-Namibia flights South Africa ties up 5th freedom with Namibia

South Africa and Namibia have signed a Bilateral Air Services Agreement (BASA) to strengthen the already existing civil aviation relations between the two countries. Transport Minister Dipuo Peters and Namibia’s Minister of Works and Transport, Alpheus Naruseb, signed the agreement on Thursday in Pretoria. “Our air service arrangements are liberal, with our designated airlines allowed to, among others, operate an […]

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Aviation:  Etihad signs Codeshare with Kulula in Response to Emirate/SAA tie-up

Etihad

Etihad Airways yesterday signed a codeshare deal with the South African budget carrier kulula.­com, which is expected to boost tourism between the two ­countries. The Abu Dhabi carrier will place its EY code on kulula.com’s flights ­between Johannesburg and the coastal cities of Cape Town, ­Durban, George and East ­London. The partnership will allow passengers through-check-in and baggage transfer to […]

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Africa: Selling Heathrow slots is the worst turnaround mistake made by KQ says Expert

The African aviation industry is a vital catalyst for economic growth. This week on Africa Inc, Alishia Seckam and the team take a look at why some airlines are streaming ahead while other are losing altitude. Africa accounts for 3% of the world’s air traffic and most airlines are state-owned. Africa Inc explores whether state-owned airline companies are holding back […]

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