All Africa articles – Page 30
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NewsInitial expressions of interest sought for SA Express jets
Assets of South African regional carrier SA Express, including Bombardier CRJ200 jets, are being advertised online as part of an initial process to obtain expressions of interest, as the airline edges towards liquidation. The airline was placed in provisional liquidation on 28 April but a final liquidation order has been ...
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NewsSAA rescue remains uncertain as treasury highlights funding pressures
South Africa’s government is urging creditors and unions to support South African Airways’ proposed rescue, warning that the airline’s liquidation is the worse of the options available. But the opposition Democratic Alliance believes the country’s treasury, which is having to cope with funding pressures from the coronavirus crisis, is reluctant ...
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NewsFastjet counts on flight restoration as cash reserves dwindle
African budget operator Fastjet Group believes it has sufficient funds to last through August but is warning that it needs flight operations to resume to sustainable levels in September. Its services have effectively been shut down since 7 April, bar a limited number of repatriation flights, following government lockdowns in ...
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NewsAfrica and Middle East need ‘layered’ measures for restart: IATA
African and Middle Eastern countries should adapt their quarantine measures to enable the aviation sector to begin a recovery while containing spread of the coronavirus, IATA has urged.
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NewsComair rescuers seek time to scrutinise expression of interest
South African carrier Comair’s rescue practitioners are still trying to work through the details of an expression of interest in the airline, and are seeking to postpone further the publication of a business plan. They are requesting creditor approval to push back the publication date from 30 June to 28 ...
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NewsDe Havilland Canada delivers first Dash 8-400 to TAAG Angola Airlines
De Havilland Canada has delivered the first of six Dash 8-400 aircraft to TAAG Angola Airlines, the state-owned national carrier of Angola, as it builds out its networks to that country’s smaller communities.
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NewsSAA’s future remains in limbo as unions secure delay to rescue vote
Decisions on the future of South African Airways have been pushed back by nearly three weeks, after three unions secured an adjournment of a crucial creditor meeting, in order to buy time to adjust the business rescue plan. The SAAPA, SACCA and NUMSA unions – representing pilots, cabin crew, and ...
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NewsMorocco signs up for 24 AH-64E Apaches
Boeing has secured a deal to supply Morocco with 24 AH-64E Apache attack helicopters.
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NewsGovernment urges support as SAA rescue faces critical creditor vote
South African Airways’ creditors are set to decide the future of the troubled flag-carrier, more than half a year after it entered a business rescue scheme, with the government urging support for a new business plan. At least 75% support from creditor voting interests, following a meeting due to be ...
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NewsGovernment reviewing funding proposals for restructuring SAA
South Africa’s government is claiming to have received a number of unsolicited proposals to fund a new national airline in the aftermath of South African Airways’ business rescue process. These proposals have been received from private-sector funds, equity investors, and potential airline partners, says the government’s department of public enterprises. ...
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NewsComair rescuers seek time to consider funding offer
South African carrier Comair’s rescue practitioners are exploring a potential offer of funding for the airline, and are seeking a further postponement to publication of a business plan. The practitioners have not identified the group behind the non-binding expression of interest. But they state that the offer of cash funding ...
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NewsSouth Africa’s Airlink bids to have SAA liquidated
South African carrier Airlink is attempting to disrupt plans to convene a creditors’ meeting to discuss whether to approve the rescue plan for South African Airways, and is seeking to have the airline liquidated. The government’s department of public enterprises says Airlink has filed a court motion “aimed at interdicting” ...
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NewsSAA rescue plan revises down initial heavy losses
South African Airways’ final business rescue plan considerably revises down the losses projected over the first three years for the restructured carrier. While a draft plan circulated at the beginning of June indicated losses close to R20 billion ($1.1 billion) for the period, the final plan estimates pre-tax losses of ...
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NewsSAA rescue plan sets out initial fleet and personnel requirements
South African Airways’ resurrection plan would involve an initial restart period of eight months, running to January 2021. Over this period the fleet would be gradually built up to around 26 aircraft, comprising seven long-haul jets – about half of which would be in place at the end of this ...
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NewsSA Express liquidation on hold as several potential investors emerge
Provisional liquidators of South African regional carrier SA Express are attempting to find a buyer for the airline, claiming that they are engaging with six or seven parties which have expressed interest in the company. Their effort follows court approval on 15 June to extend their powers, in order to ...
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NewsGovernment unsure over SAA plan as opposition demand carrier’s liquidation
South Africa’s government has expressed doubts as to whether the long-awaited business rescue plan for South African Airways will meet its expectations for creating a viable and sustainable national carrier. Publication of the plan has also drawn condemnation from the opposition Democratic Alliance party, which says the strategy relies on ...
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NewsLoss-making Air Namibia should be liquidated: president
Air Namibia should be liquidated, the Namibian president has declared following an address to the country, a suggestion which has met objection from unions. President Hage Geingob was answering questions in the parliament building in Windhoek after delivering his state-of-the-nation speech on 4 June. The loss-making airline had not been ...
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NewsExternal carriers should be handed repatriation services: South African opposition
South Africa’s shadow public enterprises minister is insisting that the government ease air transport pressures by allowing other operators to conduct repatriation services. Ghaleb Cachalia, from the opposition Democratic Alliance party, argues that South African Airways – which has been mired in a drawn-out business rescue process – does not ...
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NewsSAA unions force further delay to business plan publication
South African Airways’ rescuers are seeking creditors’ approval for a further postponement to the deadline for publishing a business plan for the embattled flag-carrier. The rescue practitioners have previously secured four extensions to deadlines for publishing a plan – the most recent to 8 June – since SAA entered the ...
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NewsComair to cut fleet and remain inactive until November
South African carrier Comair requires a substantial cash injection and is unlikely to resume operations until at least November. Its fleet will also be reduced to 16 aircraft, comprising 13 Boeing 737-800s and three spare 737-400s. The airline’s business rescue practitioners have outlined the situation to creditors and employee representatives. ...