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Article: South African Airways resumes flights after bankruptcy

Author: APF

Published: September 23, 2021

Last Updated: September 23, 2021

Category: South Africa

Original URL:

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South African Airways resumes flights after bankruptcy

South Africa
Published: Sep 23, 2021
•
1 min read
By APF
South African Airways resumes flights after bankruptcy
South African Airlines planes take off at O.R Tambo International Airport in Johannesburg, South Africa on Friday, January 24 2019. Pic: Waldo Swiegers / Bloomberg

South Africa’s embattled national airline on Thursday flew its first plane since March 2020 after emerging from bankruptcy proceedings.

Passengers on the South African Airways (SAA) flight from Johannesburg to Cape Town 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-percent stake to a group of investors called the Takatso Consortium, opening the way to a potential injection of $200 million (171 million euros).

Even after a state bailout of more than $500 million (426 million euros) 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, South African Airways (SAA) plans to begin regional services next week to Accra, Kinshasa, Lusaka, Harare and Maputo.

Chief finance officer Fikile Mhlonto 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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This article was printed from Report Focus News on December 5, 2025 at 06:50 PM

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