South Africa airline to be split into three units

Lauren Eldershaw
By Lauren Eldershaw February 20, 2019 16:30

South Africa airline to be split into three units

Chief Executive of South African Airways, Vuyani Jarana, has been reported in local media that the state-owned airline is to break into three business units as part of a restructuring plan – domestic, regional and international business units, each with their own management.

The airline is also reported to have secured a R3.5-billion loan and it is also seeking to extend repayment terms of existing debt.

“We appreciate the lenders are proceeding with caution, but they are satisfied with the progress… We will keep operations going on until the end of the current financial year,” said SAA spokesperson, Tlali Tlali.

Lauren Eldershaw
By Lauren Eldershaw February 20, 2019 16:30