FastJet founder Stelios Haji-Ioannou said he was willing to take a five-year view on the new LCC (Business Day, 07-Jun-2013). The airline failed to launch operations in South Africa in May-2013 however it plans to commence operations from the country in Jul-2013. Mr Haji-Ioannou said, “Africa is a difficult place to do business — it is not open skies” and said, “We will see what happens — I can’t say it will be a success in five years, but it is risky”.
FastJet committed to Africa: Founder
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South African Airways seeks regional growth and new partnerships, but outlook remains bleak. UPDATE
South African Airways (SAA) is again looking at opportunities for new partnerships and network expansion. SAA is now re-engaging with Etihad following an unsuccessful initial partnership and is keen to launch new routes after the delivery of its first two A330-300s in 4Q2016.
Any growth, however, is unlikely to be profitable until SAA addresses its longstanding challenges. The airline has still not fully implemented its previous turnaround plan and urgently needs yet another capital injection.
A full and deep restructuring is required but seems impossible in the current political environment. Repeated government meddling has put SAA in an extremely challenging situation. The airline is in dire straits, and its outlook remains bleak.