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Aviation

S African Airways resumes flights after bankruptcy

September 24, 2021 00:00:00


CAPE TOWN, Sept 23 Sep (Al Jazeera): South Africa's embattled national airline has flown its first plane since March 2020 after emerging from bankruptcy proceedings.

Passengers on the South African Airways (SAA) flight from Johannesburg to Cape Town on Thursday were greeted on their departure by singing and dancing airline staff.

Once Africa's second largest airline after Ethiopian Airlines, SAA had survived for decades on government bailouts and was shedding routes even before the COVID-19 pandemic struck.

The government agreed in June to sell a 51 per cent stake to a group of investors called the Takatso Consortium, opening the way to a potential injection of $200m.

Even after a state bailout of more than $500m and a restructuring of its debt, the airline only emerged from bankruptcy after slashing hundreds of jobs. In addition to the domestic route that resumed on Thursday, SAA plans to begin regional services next week to Accra, Kinshasa, Lus-aka, Harare and Maputo.

Chief Finance Officer Fikile Mhlontlo said this week that the airline's fleet is down to six planes, from a previous 46.

SAA low-cost subsidiary Mango remains grounded and in bankruptcy proceedings.


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