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South African Airways

South African Airways passengers ‘robbed’ mid-air

At least two passengers on a South African Airways (SAA) flight headed to Hong Kong from Johannesburg have claimed that they were robbed of money and other valuables...

South Africa Airways requires $540m to fund operations

South African Airways boss plans huge workforce cuts

Six months into the job of running loss-making South African Airways, Chief Executive Officer, Vuyani Jarana, is mapping out a punishing austerity plan. Jarana, who...

Fire engulfs South African Airways office at Lagos airport

South African Airways’ catering unit to axe 118 jobs – Union

The National Union of Metalworkers of South Africa (NUMSA), has said South African Airways’ (SAA) catering arm plans to lay off 118 workers, as the struggling airline...

South Africa Airways requires $540m to fund operations

South African Airways requires $400m bailout- Official

  South African Airways (SAA) requires R5 billion ($399 million) cash injection in the current financial year to help it meet its financial obligations, a senior...

South Africa Airways requires $540m to fund operations

South African Airways needs immediate capital injection 

South African Airways (SAA) Chief Executive Officer, Vuyani Jarana, on Tuesday told parliament it needed immediate capital injection to stay afloat and is in discussions...

Fire engulfs South African Airways office at Lagos airport

South African Airways needs immediate capital injection- CEO

South African Airways (SAA) Chief Executive Officer, Vuyani Jarana, on Tuesday told parliament it needed immediate capital injection to stay afloat and is in discussions...

Fire engulfs South African Airways office at Lagos airport

South African Airways net loss hits $475m

South African Airways (SAA) suffered a net loss of R5.6 billion ($475 million) in the 2016/17 financial year, compared to a loss of R1.5 billion a year earlier, Chief...

Fire engulfs South African Airways office at Lagos airport

South African Airways losses set to widen, CFO says

Losses at South African Airways (SAA) are set to widen to 4 billion rand ($292.86 million) in 2017/18 from a previous estimate of 2.8 billion, the state airline’s...

South Africa Airways requires $540m to fund operations

South African Airways remains under-capitalised despite bailout

Despite a government injection of 10 billion rand ($709 million), the struggling South African Airways (SAA) will remain under-capitalised with a negative equity...

South Africa Airways requires $540m to fund operations

South Africa’s PIC has not ruled out investing in South African Airways – CEO

One of the Africa’s largest asset managers, Public Investment Corporation (PIC) says it has not ruled out investing in struggling South African Airways...

Fire engulfs South African Airways office at Lagos airport

South African Airways gets relief on maturing debt

South Africa Finance Minister, Malusi Gigaba in a report to parliament on Friday said the state-owned airline South African Airways has been given until the end of...

South Africa Airways requires $540m to fund operations

South Africa in talks with Citibank on state airline debt

South Africa is in talks with Citibank on how to settle a 1.8 billion rand ($135 million) loan to the state airline due end September after the lender said it would not...