Saa's International Route Expansions Deferred

38 Days(s) Ago    👁 66
saas international route expansions deferred

Following the cancellation of the Takatso deal, SAAs ambitions are still very much intact, but are now deferred

And the airlines Board Chairperson, Derek Hanekom is positive and upbeat about a bright future for the airline.

Speaking on Radio 702, in an interview with Clement Manyathela on June 11, Hanekom said the termination of the Takatso deal had indeed had an impact on the airline.

In our corporate plan for the five years ahead, we had built in a capital injection of R3 billion (152.6m) R1bn per year over three years (50.8m).

With that capital no longer a prospect, SAAs single shareholder (the Department of Public Enterprises) is approaching capital markets for investment and so the international route expansion plans that were on the table have had to be delayed.