(3 minutes read)
· South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers.
· The recent assessment, was prepared by African Aviation Services Ltd.
· Ethiopian Airlines is willing to provide planes, pilots and maintenance services to SAA, but doesn’t want to assist with paying off its debts and meeting the costs of cutting its workforce
South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers. The recent assessment was prepared by African Aviation Services Ltd. It was presented to a group of African National Congress lawmakers. www.trendsnafrica.com has reported about the assessment being undertaken by a group, which consists of representatives from all political parties.
South African Airways needs more than R10 billion (US$603 million) to restart, according to a plan produced by the carrier’s business rescuers. The airline hasn’t made a profit since 201. It has been surviving on government grants.
Ethiopian Airlines is willing to provide planes, pilots and maintenance services to SAA, but doesn’t want to assist with paying off its debts and meeting the costs of cutting its workforce.
