CAPE TOWN – The abrupt cancellation of flights by SA Express on Wednesday could be a sign that it is now time for the state-owned airline and its parent company South African Airways to fold. This was according to Mike Schüssler, owner of Economists dotcoza, who said the airline, along with its parent company SAA, was not immune to failure.
Reports claimed that the airline’s management was locked in meetings for the better part of the day, trying to find a solution. Majatladi could not be drawn to comment further on the cancellation. The South African Civil Aviation Authority suspended the airline’s operating permits in May last year around the same time Public Enterprises Minister Pravin Gordhan announced the appointment of a new SA Express board.
Finance Minister Tito Mboweni has earlier made a case for selling the national carrier, saying it would be hard to find a private equity partner for SAA.
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Source: SABC News Online - 🏆 32. / 51 Read more »