Air Mauritius confirmed (30-Aug-2012) the appointment of Appalsamy Thomas as chairman of the board and Andre Viljoen as CEO. Mr Thomas is currently Harel Mallac group head of human resources, marketing and communications and Mauritius Telecom chairman. Mr Viljoen was appointed acting CEO of the airline in Dec-2010. [more - original PR]
Air Mauritius confirms appointment of chairman and CEO
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Africa’s ailing national airlines survive on USD2.5 billion of government subsidy. Not sound policy
Africa’s unenviable record of government interference in the continent’s aviation system is demonstrated by no less than nine carriers currently surviving at the behest of their respective governments through a variety of financial support mechanisms collectively worth about USD2.5 billion.
In most cases this support serves only to distort any prospect of a level playing field, preventing privately owned carriers from competing effectively. Nigeria is even taking this a stage further as state support of private carriers is being undermined by a desire to relaunch a government owned national flag carrier. In other cases, such as Uganda, new state-owned airlines are planned to compete with successful privately owned operators in markets that often lack sufficient demand to support them both. Whatever the motives, and many of them are questionable at best, the outcome is sadly predictable.
In most cases Africa’s national carriers suffer at the hands of government mismanagement and interference, key among them is the continent’s largest airline, South African Airways (SAA) which is the subject of the biggest turnaround plan currently under way. This could offer a vital precedent if it succeeds - and if it doesn't.
SA Express returns to profit and plans to expand its regional network and fleet
South Africa’s SA Express has reported a net profit of ZAR650,000 (USD65,000) for the 2013 financial year, turning around a restated loss of ZAR365.9 million (USD36.7 million) in FY2012 driven by increased revenue and stable operating costs.
The result marks a return to profitability as the state-owned carrier and member of the South African Airways Group looks to expand its regional network over the next six months and strengthen its feeder support role for South African Airways as well as implement a fleet replacement programme to further reduce costs.
SA Express also reported a 91% reduction in its operating loss to ZAR25.1 million (USD2.5 million) in FY2013. SA Express CEO Inati Ntshanga said: "Though the business is making the right decisions and heading in the right direction, we cannot afford to be complacent as a lot still needs to be done to ensure that we champion a sustainable operational and financial performance."
While selected details of the financial results were presented at the airline’s AGM on 25-Sep-2013, neither the full audited accounts nor the annual report have been made public.