SAA completes 90-day action plan

South African Airways (SAA) completed (27-Mar-2015) its 90-day action plan on 24-Mar-2015. The plan was designed to return the company to full implementation of its long-term turnaround strategy. SAA acting CEO Nico Bezuidenhout said the action plan returned the airline to "relative stability". The action plan concentrated on addressing the airline's liquidity position, on-going solvency and medium-term funding requirements; investigating options to future-fund the business; governance defects and remedies; legal and high-level governance; reorganisation and optimisation of assets; and improved communication. [more - original PR]