South African National Carrier Ready But Costs Still Up In Air
South African Airways (SAA) has announced plans to resume flights into the region. The carrier plans to resume flights on September 23, 2021 after emerging from a 15-month business rescue process in April 2020 and nearly two years after its flight operations were grounded.
SAA had suspended flights in response to the adverse effects of Covid-19, which led to international travel restrictions. However, the sale of a 51% SAA shareholding to a private sector consortium has not been concluded. This means that the airline will take to the skies without the U.S.$201,3 million working capital that was promised by the consortium that plans to purchase most of its shares.
This means when it resumes its flight operations, SAA will still be an airline wholly-owned by the South African government.
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