[1/2]A South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. Picture taken January 18, 2020.

SAA rescue on track as it gets remainder of R10.5 billion bailout – but no plans to start flying yet Staff Writer ...

SAA Rebounds, Adding Eight Aircraft, Nine New Destinations Victoria Moores September 25, 2023 South African Airways Airbus A320 Credit: Airbus Operations Gmbh 2013 ...

The day that SAA will be sold for less than a packet of cigarettes has drawn much closer following the Competition Tribunal’s approval of the deal earlier this week. After more than two years ...

Maistry said SAA’s cash and cash equivalents position remained strong at R1.4 billion at the end of FY2023-24. The airline has zero borrowings and R6.4 billion in equity.

However, SAA’s auditors identified R431 million in sundry income for FY2024, which came from the derecognition of its business rescue credit obligations, as problematic.

Last year, SAA Cargo was crowned African Cargo Airline of Year Award. But this year, fast-growing Ethiopian Airlines Cargo unseated SAA for the top spot. Ethiopian Cargo currently operates to 30 ...

Cassim said though he acknowledged the role played by former SAA Dudu Myeni, the two executives should have resisted the deal, which was R171-million more expensive than a hypothetical quote ...

SAA, which last turned a profit in 2011, is expected to have a negative cash-flow position of R59.7bn over the next five years. Negotiations are being concluded to bring in a strategic equity ...