South Africa’s struggling state-owned airline is to break into three business units as part of a restructuring plan, its Chief Executive Vuyani Jarana, said on Monday.
Jarana said in Johannesburg that the firm would be split into domestic, regional and international business units, each with their own management.
The airline, which was given a 5 billion rand bailout last year to shore up its balance sheet, has not made a profit since 2011.
Related Posts:
Is the Federal Government’s response to the killings of Nigerians in South Africa appropriate?
South Africa in talks with Citibank on state airline debt
South Africa tells stricken bulk carrier to stay away from coast
Nigeria Customs Service Strengthens Trade Facilitation Through Benchmarking Visit to South Africa
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.