My Account Menu

CAPA Login

Register to trial CAPA Membership!

South African Airways to seek strategic investment in operational units

23-Apr-2010 12:14 PM

South African Airways (SAA) announced a review of its SAA Voyager, cargo, Air Chefs and SAA Technical units by the Department of Public Enterprises, under a proposal to seek strategic investment in them (Business Day, 22-Apr-2010). Deputy Director General for Transport, Andrew Shaw, stated the carrier has achieved a slow turnaround to profitability in the past 18 months and "quite dramaticallyā€¯ in the quarter ended Mar-2010 with a small profit.