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Order HereSouth African Airways (SAA) said it has returned to “relative stability” after completing a 90-Day Action Plan as scheduled on March 24.
The 90-Day Action Plan was launched Dec. 9, 2014, covering liquidity, future funding, governance, assets and transparency. SAA plans to hold a media conference in mid-April to discuss the audited results of the urgent turnaround push.
“We have worked closely with our shareholding ministry, [the] National Treasury, to work toward and realize the objectives of the 90-Day Action Plan,” SAA acting CEO Nico Bezuidenhout said.
Since December, SAA has more than doubled its codeshare ties with Etihad Airways to cover 51 routes. It has also launched flights to the Arab carrier’s Abu Dhabi home base, replacing some direct services, and resumed year-round, nonstop flights between Johannesburg and New York.
“Since first signing our codeshare agreement in 2013, the important partnership between SAA and Etihad Airways has grown positively. Our deepening relationship not only sees both airlines enjoy network expansion through codesharing, but together we are exploring means to share knowledge and best practice across a wide variety of aviation related and commercial matters,” Bezuidenhout said.
SAA, which said it was technically insolvent in February, has undergone five CEO/acting CEO changes in just two years. It is seeking a strategic equity partner and has previously warned that full implementation of its long-term turnaround strategy (LTTS) is “criticalto its continued ongoing operations.”
Now the airline’s focus will turn to this 12-year, four-phase turnaround plan, which was presented to the government in September 2013. This strategy aimed to get SAA’s high costs and debts under control, improve yields, stabilize the airline and get it to a position of financial independence. It also included an 18-month network rationalization, plus alliance and fleet plans.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereSouth African Airways (SAA) said it has returned to “relative stability” after completing a 90-Day Action Plan as scheduled on March 24.
The 90-Day Action Plan was launched Dec. 9, 2014, covering liquidity, future funding, governance, assets and transparency. SAA plans to hold a media conference in mid-April to discuss the audited results of the urgent turnaround push.
“We have worked closely with our shareholding ministry, [the] National Treasury, to work toward and realize the objectives of the 90-Day Action Plan,” SAA acting CEO Nico Bezuidenhout said.
Since December, SAA has more than doubled its codeshare ties with Etihad Airways to cover 51 routes. It has also launched flights to the Arab carrier’s Abu Dhabi home base, replacing some direct services, and resumed year-round, nonstop flights between Johannesburg and New York.
“Since first signing our codeshare agreement in 2013, the important partnership between SAA and Etihad Airways has grown positively. Our deepening relationship not only sees both airlines enjoy network expansion through codesharing, but together we are exploring means to share knowledge and best practice across a wide variety of aviation related and commercial matters,” Bezuidenhout said.
SAA, which said it was technically insolvent in February, has undergone five CEO/acting CEO changes in just two years. It is seeking a strategic equity partner and has previously warned that full implementation of its long-term turnaround strategy (LTTS) is “criticalto its continued ongoing operations.”
Now the airline’s focus will turn to this 12-year, four-phase turnaround plan, which was presented to the government in September 2013. This strategy aimed to get SAA’s high costs and debts under control, improve yields, stabilize the airline and get it to a position of financial independence. It also included an 18-month network rationalization, plus alliance and fleet plans.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereSouth African Airways (SAA) said it has returned to “relative stability” after completing a 90-Day Action Plan as scheduled on March 24.
The 90-Day Action Plan was launched Dec. 9, 2014, covering liquidity, future funding, governance, assets and transparency. SAA plans to hold a media conference in mid-April to discuss the audited results of the urgent turnaround push.
“We have worked closely with our shareholding ministry, [the] National Treasury, to work toward and realize the objectives of the 90-Day Action Plan,” SAA acting CEO Nico Bezuidenhout said.
Since December, SAA has more than doubled its codeshare ties with Etihad Airways to cover 51 routes. It has also launched flights to the Arab carrier’s Abu Dhabi home base, replacing some direct services, and resumed year-round, nonstop flights between Johannesburg and New York.
“Since first signing our codeshare agreement in 2013, the important partnership between SAA and Etihad Airways has grown positively. Our deepening relationship not only sees both airlines enjoy network expansion through codesharing, but together we are exploring means to share knowledge and best practice across a wide variety of aviation related and commercial matters,” Bezuidenhout said.
SAA, which said it was technically insolvent in February, has undergone five CEO/acting CEO changes in just two years. It is seeking a strategic equity partner and has previously warned that full implementation of its long-term turnaround strategy (LTTS) is “criticalto its continued ongoing operations.”
Now the airline’s focus will turn to this 12-year, four-phase turnaround plan, which was presented to the government in September 2013. This strategy aimed to get SAA’s high costs and debts under control, improve yields, stabilize the airline and get it to a position of financial independence. It also included an 18-month network rationalization, plus alliance and fleet plans.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.