News Formal

SAA wants four planes – fast – with no government involvement | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SAA would like one passenger airplane delivered within a month., and three more soon after. It would prefer not to put down any deposit, and definitely won't involve its shareholder. | News24_Business

SAA is trying to secure a deal on four Airbus planes in a matter of weeks, ideally with one delivered in June.

Ideally it wants to lease those planes for three years, on a"power by the hour" basis, which would mean the craft are fully serviced and maintained, and SAA pays only for the time they spend in the air, but it will also consider paying a monthly fee."SAA will not consider [proposals] for leased aircraft if any security is required over and above security usually requested and provided in respect of aircraft leases," the state-owned company told potential bidders.

Between the financial risk and the speed of those conditions, such a deal will be extremely expensive, said potential suppliers of such planes – if it can be done at all.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WTI oil price drops below $70 on recession fears | BusinessThe US benchmark oil contract, WTI, traded under $70 per barrel Wednesday for the first time since OPEC+ cut output a month ago in a bid to bolster prices. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Pay up or cut them off, Treasury tells municipalities | BusinessMunicipalities owe Eskom R57 billion. Treasury says it will scrap the debt of those who meet their conditions. This includes paying Eskom on time and cutting off consumers who don't pay. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

ESKOM LIVE | More Stage 6 as breakdowns approach 19 000 MW | BusinessAll the latest news and analysis on load shedding, power and the national grid.
Source: News24 - 🏆 4. / 80 Read more »

SEE | SA's new banknotes and coins, which celebrate family ties, whales and honey bees | BusinessThe Reserve Bank is adding a splash of purple, a more vibrant orange and a more visible brown to some of its notes in the first major upgrade to the currency in more than a decade. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Small business confidence plummets on load-sheddingIndex shows a total 27% of respondents surveyed cannot afford to invest in alternative energy solutions
Source: BDliveSA - 🏆 12. / 63 Read more »