South African Airways: Troubled airline returns to intercontinental travel
BBC·2024-01-29 09:00
Image source, Getty Images Image caption,
In 2011, the airline marked the arrival of new planes but its fleet has now been pared back
By Jewel Kiriungi
BBC News, Johannesburg
South African Airways - once a giant of African aviation - is back in the intercontinental market, but there are still doubts about its financial viability.
It had disappeared from our skies altogether in September 2020, having fallen victim not just to Covid but also another disease that has plagued some other state-run carriers - corruption and mismanagement.
It may be on the verge of a sale that would see a private consortium take a majority share in the business.
However, its handling of finances has recently come in for severe criticism by the country's public spending watchdog.
In a scathing report, Auditor-General Tsakani Maluleke said that the financial statements SAA had drawn up dating from the 2018-19 financial year lacked credibility. The airline recorded losses in the four years from 2018 of a staggering $1.2bn (£1bn).
But interim chief executive officer (CEO) John Lamola said this did not reflect the current position of the airline, which is under new management.
……Airline Africa News
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