SAA after Business rescue

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rainier
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Re: SAA after Business rescue

Unread post by rainier » Tue Apr 19, 2022 12:06 pm

Airwayfreak wrote:
Mon Apr 18, 2022 2:35 pm
Ugly Duckling wrote:
Mon Apr 18, 2022 8:13 am
If they can pay 15 million for these 2 statues of Winnie the Pooh and Oliver who can't twist then you get to see that there is no comprehension of the value of money

https://opera.news/za/en/culture/amp/ec ... 31bf196411
Are you serious ? Looks like a failed kindergarten playdoh project
In some countries both your statements would result in your untimely disappearance.
So yes, SA not too bad a place to be. There are worse...
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Re: SAA after Business rescue

Unread post by 7675 » Tue Apr 26, 2022 4:26 pm

SAA seeks up to seven A320's. one A330

https://aviationweek.com/air-transport/ ... il-25-2022
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Re: SAA after Business rescue

Unread post by African Flyer » Tue Apr 26, 2022 11:28 pm

7675 wrote:
Tue Apr 26, 2022 4:26 pm
SAA seeks up to seven A320's. one A330

https://aviationweek.com/air-transport/ ... il-25-2022
With what money #-o [-( 🤦‍♀️🤦‍♂️ ?
Positive rate! :D
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Re: SAA after Business rescue

Unread post by GL » Wed Apr 27, 2022 8:43 am

African Flyer wrote:
Tue Apr 26, 2022 11:28 pm
7675 wrote:
Tue Apr 26, 2022 4:26 pm
SAA seeks up to seven A320's. one A330

https://aviationweek.com/air-transport/ ... il-25-2022
With what money #-o [-( 🤦‍♀️🤦‍♂️ ?
On what lease terms? - no Lessor is going to be in rush to do SAA business again.
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Re: SAA after Business rescue

Unread post by evanb » Wed Apr 27, 2022 11:57 am

GL wrote:
Wed Apr 27, 2022 8:43 am
On what lease terms? - no Lessor is going to be in rush to do SAA business again.
Castlelake, Goshawk and Seraph. They're already leasing aircraft to SAA and took haircuts during business rescue, quite similar to most aircraft lessors with many other customers. Aircraft lessors have experienced a crazy two years and the SAA situation was not out of the ordinary. In fact, all aircraft they wanted back they got back with little difficulty or fanfare and all came back in good shape. This has not been the case for many lessors with other airlines where they had to repossess and sometimes found aircraft in a state of disrepair or without records, etc. These latter factors are far more costly or worrying for a lessor and have even resulted in writing off of some frames. As strange as it sounds, SAA are not on any particularly <<moderated - language>> list with lessors. Depending on the aircraft age, they're also not likely to get terrible terms although they might have to provide slightly more advanced payments.
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Re: SAA after Business rescue

Unread post by jbayfan » Wed Apr 27, 2022 3:14 pm

The tender seems to be targeting the aircraft SAA returned during business rescue. The lessors don’t have much to lose by taking a chance with SAA V2 but not sure how they will get around the NIPP issue. Even if SAA only survives another year or two it’s better than having the aircraft decaying in storage. With SAA’s current cash burn rate it’s only a matter of time before their doors close permanently.
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Re: SAA after Business rescue

Unread post by evanb » Wed Apr 27, 2022 4:12 pm

jbayfan wrote:
Wed Apr 27, 2022 3:14 pm
The tender seems to be targeting the aircraft SAA returned during business rescue. The lessors don’t have much to lose by taking a chance with SAA V2 but not sure how they will get around the NIPP issue. Even if SAA only survives another year or two it’s better than having the aircraft decaying in storage. With SAA’s current cash burn rate it’s only a matter of time before their doors close permanently.
Possibly, the four A330-300s have all found new homes though, however, most of the A320s are sitting idle. From a lessors perspective, there is nothing worse than an aircraft sitting idle.
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Re: SAA after Business rescue

Unread post by 30foursouth » Thu Apr 28, 2022 9:31 pm

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Re: SAA after Business rescue

Unread post by Airwayfreak » Thu Apr 28, 2022 11:31 pm

And yet another gazillion rand golden handshake for an approved ANC cadre
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Re: SAA after Business rescue

Unread post by cx45338 » Fri Apr 29, 2022 12:15 am

If my memory serves me correct, John Lamola was at Denel Aviation some time in the late 90’s early 2000.
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Re: SAA after Business rescue

Unread post by Burner » Fri Apr 29, 2022 1:54 am

cx45338 wrote:
Fri Apr 29, 2022 12:15 am
If my memory serves me correct, John Lamola was at Denel Aviation some time in the late 90’s early 2000.
He was also on the ACSA board for a number of years, but resigned when it was reported in the media that he was allegedly appointed to the board at the request of the Guptas. According to Linkedin, he has a PHD in Philosophy from Edinburgh University, and an MBA from Embry-Riddle in the US. From an academic stand point, at least he's not just a former primary school teacher.
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Re: SAA after Business rescue

Unread post by GL » Fri Apr 29, 2022 8:27 am

Burner wrote:
Fri Apr 29, 2022 1:54 am
cx45338 wrote:
Fri Apr 29, 2022 12:15 am
If my memory serves me correct, John Lamola was at Denel Aviation some time in the late 90’s early 2000.
He was also on the ACSA board for a number of years, but resigned when it was reported in the media that he was allegedly appointed to the board at the request of the Guptas. According to Linkedin, he has a PHD in Philosophy from Edinburgh University, and an MBA from Embry-Riddle in the US. From an academic stand point, at least he's not just a former primary school teacher.

Johannesburg (28 April 2022) – SAA’s Interim CEO Thomas Kgokolo is to leave the airline at the end of April 2022 after a successful year at the helm, and John Lamola will assume the role of the Executive Chairman and Chief Executive Officer with effect from 1st May 2022.

Professor Lamola was appointed non-executive chairman of the SAA Interim Board in July 2021. He is an Associate Professor at the Institute for Intelligent Systems of the University of Johannesburg. In addition to a PhD degree in Philosophy from the University of Edinburgh, he holds an MBA from a premier tertiary institution of education in aviation and aerospace studies in the United States, Embry-Riddle Aeronautical University. He was the CEO of Denel Aviation between 1996 and 2001. He served on the Board of Airports Company South Africa (ACSA) from 2012 until 2017. Lamola has managed a proprietary portfolio of private equity investments through a number of privately held companies, including an aviation consulting firm, Baji Aviation Service.

Lamola added that the business strategy of SAA remains intact and on course as the Board and the Ministry of Public Enterprises are steadfastly pursing their goal of a sustainable SAA for the good of the entire South African economy.
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Re: SAA after Business rescue

Unread post by flypiper » Fri Apr 29, 2022 9:08 am

Hi GL ,

Do you think Lamola is gona make any difference ?
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Re: SAA after Business rescue

Unread post by GL » Fri Apr 29, 2022 9:24 am

flypiper wrote:
Fri Apr 29, 2022 9:08 am
Hi GL ,

Do you think Lamola is gona make any difference ?
Never met the man - but his qualifications are solid. Still he has a worrying lack of hands on airline experience. He would never have been appointed as an airline CEO in the real world. And he is tainted by Denel and esp ACSA - which has been mismanaged as a well.
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Re: SAA after Business rescue

Unread post by 117 » Fri Apr 29, 2022 9:40 am

A quick google search on Baji Aviation Service reveals.... nothing.

I wonder what they actually consulted on?

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