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Tag "SAA"

SAA needs five years

SAA needs five years

🕔09:22, 31.Oct 2016

SAA needs another five years to turn itself around, according to Chairwoman Dudu Myeni. The losses the airline sustained have narrowed from R5.6 billion in the 2014-15 financial year to R1.5 billion in 2015-16. Revenue was flat at R30.4 billion.

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SAA revises 2014/15 loss

SAA revises 2014/15 loss

🕔14:34, 21.Sep 2016

South African Airways has revised its loss for 2014/15 to 5.6 billion rand ($403 million) from 4.7 billion rand previously, media reports say citing documents shown by parliament this week.

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SAA going concern state guarantee approved

SAA going concern state guarantee approved

🕔11:36, 12.Sep 2016

South African Airways (SAA) has been conditionally granted a state guarantee as a going concern by the South African Finance Minister Pravin Gordhan, with the condition that the airline board must focus on returning the airline to financial sustainability over

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SAA chairperson to be reappointed

SAA chairperson to be reappointed

🕔12:51, 2.Sep 2016

Despite objections from some Treasury officials, the South African Government is preparing to reappoint South African Airlines (SAA) chair Dudu Myeni. The reappointment is unpopular since concerns were raised by the then finance minister Nhlanhla Nene over how a deal

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Hong Kong grants SAA extension

Hong Kong grants SAA extension

🕔15:37, 1.Sep 2016

The authorities in Hong Kong have granted South African Airways (SAA) an extension until September 30 to submit regulatory documents and prevent the airline from being deregistered there. “The extension has given us more room to resolve all matters that

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SAA to fly between Accra and London

SAA to fly between Accra and London

🕔15:33, 1.Sep 2016

South African Airways (SAA) may soon offer flights between Accra and London. SAA has been granted the right to fly from Accra by Ghana. The airline already flies from Accra to Washington DC. Ghana hopes to position Accra as a

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SAA denies grounding threat from Hong Kong

SAA denies grounding threat from Hong Kong

🕔14:33, 22.Aug 2016

The Sunday Times reported yesterday that the Hong Kong registrar of companies has demanded that South African Airways (SAA) submit its annual financial statement by September 6 or face deregistration, which would mean all SAA flights would be grounded to the country.

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