Aviation: Why is South Africa Merging 3 Airlines already operated as a group? ComAir CEO raises questions

south

Why is South Africa Merging 3 Airlines already operated as a group? ComAir CEO raises questions It is unclear what a merger between the three state-owned airlines SAA, Mango and SA Express would achieve that cannot be achieved by each airline individually, Erik Venter, CEO of Comair, told Fin24. This was in reaction to a parliamentary response by Public Enterprises […]

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Aviation: SAA and RwandAir reject reports by Nigerian Media

IATA

The national carriers of Rwanda, and South Africa, RwandAir and South Africa Airways (SAA), have both rejected Media reports published in the Guardian, one of Nigeria’s leading newspapers in the country and a popular online news medium, Sahara reporters. Imagine addressing a Press conference to announce the introduction of Airbus A330 to Lagos as a show of confidence in the […]

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Aviation: SAA bleeding as Emirates, Qatar and Ethiopian eats up domestic market but W/Africa delivers

Guangzhou

South Africa Airways is bleeding from the intense competition on the domestic market, with rivals gouging out R1bn revenue in the second quarter of the 2016-17 financial year, acting chief financial officer Phumeza Nhantsi told Parliament’s finance committee Wednesday. The state-owned airline carried 159,000 fewer passengers — 4% decline — compared with its budget, due to the entry into the […]

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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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Aviation: RwandAir, SAA celebrates Nigeria Independence with Fare slash

Rwanda national carrier, RwandAir has slashed its fare to Dubai and Johannesburg for its teeming customers in Nigeria as a way marking the country’s 56th independence celebration. The new air fare to Dubai and Johannesburg according to the airline is from $600 and $490 respectively inclusive of taxes. The reduction in air fare which commenced from the 1st of October […]

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Aviation: Support for SAA board is vital to ensure that tourism- “the new gold” grows

Maybe I am the ultimate optimist, but I acknowledge that times of crisis are times pregnant with opportunity. The Minister of Finance announced during his Budget Speech that there is an intention to merge South African Airways and South African Express under a strengthened board. Before the Cabinet in consultation with Treasury appointed this board, it was common knowledge that […]

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Aviation: South African Airways Gets Another Bailout, SAA May Be Privatizing

aviation

Cash-strapped South African Airways has been granted a $347 million bailout in addition to the $1.04 billion that taxpayers have already paid to keep the airline going, and it could be getting funding in the form of a strategic equity partner, Eyewitness News reported. The bailout comes with conditions that the airline cuts costs. SAA is expected to achieve financial […]

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Aviation: How West Africa can leverage SAA’s direct flight to DC

It has been a year since South African Airlines (SAA) started direct flight operations to the United States’ capital, Washington DC, under a 5thFreedom Right from Ghana, to fill a yawning gap of meeting the large demand on that route and also offer convenience to the travelling public. Grounded on convenience to the traveller, SAA has gone ahead to establish […]

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Aviation: Will South African Airways be liquidated soon?

The Democratic Alliance (DA) warned that South African Airways (SAA) faced “”imminent liquidation” and that the standing committee on finance needed to push forward its September 20 meeting with the airline to August 31 “before it collapses”. It followed the resignation of the national carrier’s head of the audit and risk committee, Yakhe Kwinana on Monday. Kwinana, a prominent member […]

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Aviation: 2016 year of big winners and losers in West Africa

Arik

IKECHI UKO West Africa has a population of over 300 million People within 15 countries having over 40 Airports with the largest Economies in Africa. Yet there is no strong Airline in West Africa and no Airport hub in West and Central Africa. East Africa has 2 hubs in Nairobi and Addis Ababa while South Africa has the massive Oliver […]

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