Report by : Gan Yung Chyan
/ KUCINTA SETIA
The South African Department of Public Enterprises (DPE) said on 2 May 2020 that it has cooperated with an international airline and established a new airline with its assistance to replace the troubled South African Airways, which will operate its final flight on 8 May 2020 before the company collapse.
DPE said that it has started consultation with an international airline to build the basic structure of the new airline. Since the operating capital of South African Airways will be exhausted soon, this work is expected to be completed within a few weeks. However, the specific names of this international airline and the new national airline of South Africa have not been announced.
According to DPE, the unnamed new national airline of South Africa will take over assets of South African Airways and the livery will be changed.
Since December 2019, South African Airways has been on the verge of bankruptcy and in the process of commercial rescue. However, the outbreak of the covid pandemic has worsened the financial situation of the airline. In particular, since the rescue fund of 5.5 billion rand (approximately RMB 2.75 billion) was used in March, the South African government subsequently stopped continuing to "transfuse" South African Airways.
South African Airways' last flight on 8 May 2020 will mark the 86-year-old airline’s official farewell from the world's attention.
/ KUCINTA SETIA
The South African Department of Public Enterprises (DPE) said on 2 May 2020 that it has cooperated with an international airline and established a new airline with its assistance to replace the troubled South African Airways, which will operate its final flight on 8 May 2020 before the company collapse.
DPE said that it has started consultation with an international airline to build the basic structure of the new airline. Since the operating capital of South African Airways will be exhausted soon, this work is expected to be completed within a few weeks. However, the specific names of this international airline and the new national airline of South Africa have not been announced.
According to DPE, the unnamed new national airline of South Africa will take over assets of South African Airways and the livery will be changed.
Since December 2019, South African Airways has been on the verge of bankruptcy and in the process of commercial rescue. However, the outbreak of the covid pandemic has worsened the financial situation of the airline. In particular, since the rescue fund of 5.5 billion rand (approximately RMB 2.75 billion) was used in March, the South African government subsequently stopped continuing to "transfuse" South African Airways.
South African Airways' last flight on 8 May 2020 will mark the 86-year-old airline’s official farewell from the world's attention.
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