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The major shareholder is shouldering it's responsibility to "recapitalise" the operation on an ongoing basis. "Bailout" is an uncomfortable word and won't be used in future. The new term is "recapitalise" and we will be hearing that from now on. I remain a bit confused as to how you manage to "capitalise" your operating expenses but I'm sure these guys know how to do it! 
...and the wallet of the government is the SA tax payer as we all know...but when does re-capitalizing become wasteful expenditure? And if SAA/DPE can pay out a fortune because they got sued by Americans - then why could it not pay out the R183 million owed to Mango pax , which the DPE still owes to them as owner of SAA and Mango, at the time they forced Mango into business rescue - which was its only profitable airline at the time.government is a shareholder in SAA
I don't think any ripples to be honest. If anything a lot of guilty parties are probably breathing a sigh of relief, as her corruption trial will now no longer take place. I'm sure she was well placed to finger point plenty of other corrupt employees who were employed during her disastrous tenure.
.............................Burner wrote: ↑Sat Jun 15, 2024 2:37 pmI don't think any ripples to be honest. If anything a lot of guilty parties are probably breathing a sigh of relief, as her corruption trial will now no longer take place. I'm sure she was well placed to finger point plenty of other corrupt employees who were employed during her disastrous tenure.
All the above reasons are exactly the ones ensuring the survival of v2.Volo wrote: ↑Mon Jun 10, 2024 10:05 am There are quite simply several reasons why SAA V2 will never succeed .
1. Their shareholder does not require it to yield a profit so it is able to trade unfairly on the open market .
2. It is still floundering because the state wants it there for political , social and ideological reasons .
3. Its entire purpose is founded on a racial bias supported by a flawed South African Constitution .
4. Its subservience to trade unions is already in evidence as I am told that their employment levels are already approaching 2000 employees with its miserable little slice of the market.
5. Short of massive recapitalisation it cant become a meaningful player internationally let alone domestically .
6. With the collapse of the Takatso deal it is evident this was not meant to be implemented at any stage and was only a" Smoke and mirrors" exercise at best .
7. It remains supported by an ill informed politically motivated parliament .
Yes one has to chuckle... no more bailouts from the government. They're now called capital injections from the shareholders.SandPiper wrote: ↑Sun Jun 16, 2024 7:52 pmAll the above reasons are exactly the ones ensuring the survival of v2.Volo wrote: ↑Mon Jun 10, 2024 10:05 am There are quite simply several reasons why SAA V2 will never succeed .
1. Their shareholder does not require it to yield a profit so it is able to trade unfairly on the open market .
2. It is still floundering because the state wants it there for political , social and ideological reasons .
3. Its entire purpose is founded on a racial bias supported by a flawed South African Constitution .
4. Its subservience to trade unions is already in evidence as I am told that their employment levels are already approaching 2000 employees with its miserable little slice of the market.
5. Short of massive recapitalisation it cant become a meaningful player internationally let alone domestically .
6. With the collapse of the Takatso deal it is evident this was not meant to be implemented at any stage and was only a" Smoke and mirrors" exercise at best .
7. It remains supported by an ill informed politically motivated parliament .
Been there, just a different logo on the tail.
https://www.flysaa.com/about-us/leading ... s/newsroomAfrica and Brazil
Johannesburg, 1 July 2024 - The codeshare agreement between South African Airways (SAA) and Rio de Janeiro-based Gol Linhas Aéreas Inteligentes is back in place. This codeshare agreement is open for sale and travel with immediate effect.
This is a renewal of the SAA/Gol Linhas Aéreas Inteligentes agreement that was suspended during the Covid-19 pandemic.
SAA’s Chief Commercial Officer, Mr Tebogo Tsimane said, “The reinstatement of the codeshare agreement affirms Brazil’s status as a strategically important destination for South Africa. It connects two major economies in the southern hemisphere to enable leisure tourism, and to facilitate business, networking, and trade.
The SAA/Gol agreement includes flights between Cape Town International, OR Tambo International and Galeão-Antonio Carlos Jobim International Airport in Rio. It extends to domestic routes, connecting Johannesburg, Cape Town, Durban and Gqeberha, giving Brazilian visitors seamless access to the four major economic hubs of South Africa. The agreement also makes it possible for SAA to add its designated code on more than 20 connecting Gol-operated flights in Brazil, including (but not limited to) Rio de Janeiro, Brasília, Curitiba, Porto Alegre, Belo Horizonte and Florianópolis.
In time, the airlines will add 60 additional Latin American destinations and many African ones to the agreement, to give travellers optimal choice and make it easier than ever to plan multi-city itineraries on a single SAA/Gol codeshare ticket.
The agreement extends to include accrual of SAA Voyager Miles and Gol Smiles.
Head of Alliances and Distribution at Gol, Mr André Gaspar says, "We are extremely pleased to reactivate this agreement with SAA and to contribute to strengthening relationships between Brazil and Africa. The partnership marks significant expansion in destination options for Gol customers. It provides access to many of Africa's most enchanting destinations and allows Gol customers to depart our main bases and reach two of the most important cities in South Africa, via Guarulhos that’s part of the Sao Paulo metro region."
“The reinstatement of the codeshare agreement with Gol Linhas Aéreas Inteligentes affirms the return of SAA as an intercontinental service provider,” added Tsimane. “It comes six months after SAA launched direct flights into São Paulo and a few weeks after the launch of direct flights into Perth, Australia.
“SAA is providing the market with enhanced connectivity and travel options, not only domestically and continentally, but between Africa, Latin America, and Australia, too. This codeshare agreement, along with direct intercontinental flight offerings, points to SAA’s determination to connect people, businesses, and destinations to enable national, regional, and continental growth. It is an essential component of the airline’s measured and determined return to profitability.”
https://www.news24.com/fin24/companies/ ... s-20240704South African Airways plans to increase its destinations from its hub in Johannesburg by two-thirds by the end of April as it rebuilds its business to focus on regional and international routes after a deal with an investor collapsed.
The company is aiming to add nine destinations to its existing 14 and also plans to boost the number of aircraft by 50% to 21 by March, interim Chief Executive Officer John Lamola said, adding that the South African flag carrier has the cash to fund its expansion.
“We are cash positive as a company, and we are able to survive in the next 12 to 18 months on our own,” Lamola said in an interview with Bloomberg Television in Johannesburg. “Our strategic position is to differentiate ourselves as a national flag-carrier to be able to offer the country the connectivity with key investment and trading partners.”
The airline, founded in 1934, has had rely on taxpayers for years until its bankruptcy following the pandemic. A plan by the government to sell a 51% stake in the carrier was abandoned in March, forcing the company to scale back its expansion plans. While South African Airways won’t seek bailouts, it would ask for sovereign guarantees to expand over the next three years, Lamola said.
Lamola said the company could not comment on the nine new destinations, as it was commercially sensitive.
The carrier also plans to open routes to Frankfurt, Munich, London and to cities in the east coast of the US, Lamola said, though those destinations would only be considered in the year ending March, 2028.
Plans by President Cyril Ramaphosa’s government to sell its stake in the company to the Takatso group — made up of closely held Global Airways and private equity firm Harith General Partners — were scrapped in March. The deal would have resulted in a R3 billion cash injection for the airline.
Lamola said the carrier needs an airline partnership that could assist it in extending its reach. South African Airways is working with Kenyan Airways on a project to create a pan-African group, although it focuses on optimizing procurement and connectivity capabilities, rather than an equity injection.
“The domestic market is not our priority,” Lamola said. “Regional and international markets are our focus.”
.......................................................................ZX357 wrote: ↑Thu Jul 04, 2024 9:43 am 'Domestic market isn't our priority' SAA plans big global push with new planes, destinations
https://www.news24.com/fin24/companies/ ... s-20240704South African Airways plans to increase its destinations from its hub in Johannesburg by two-thirds by the end of April as it rebuilds its business to focus on regional and international routes after a deal with an investor collapsed.
The company is aiming to add nine destinations to its existing 14 and also plans to boost the number of aircraft by 50% to 21 by March, interim Chief Executive Officer John Lamola said, adding that the South African flag carrier has the cash to fund its expansion.
“We are cash positive as a company, and we are able to survive in the next 12 to 18 months on our own,” Lamola said in an interview with Bloomberg Television in Johannesburg. “Our strategic position is to differentiate ourselves as a national flag-carrier to be able to offer the country the connectivity with key investment and trading partners.”
The airline, founded in 1934, has had rely on taxpayers for years until its bankruptcy following the pandemic. A plan by the government to sell a 51% stake in the carrier was abandoned in March, forcing the company to scale back its expansion plans. While South African Airways won’t seek bailouts, it would ask for sovereign guarantees to expand over the next three years, Lamola said.
Lamola said the company could not comment on the nine new destinations, as it was commercially sensitive.
The carrier also plans to open routes to Frankfurt, Munich, London and to cities in the east coast of the US, Lamola said, though those destinations would only be considered in the year ending March, 2028.
Plans by President Cyril Ramaphosa’s government to sell its stake in the company to the Takatso group — made up of closely held Global Airways and private equity firm Harith General Partners — were scrapped in March. The deal would have resulted in a R3 billion cash injection for the airline.
Lamola said the carrier needs an airline partnership that could assist it in extending its reach. South African Airways is working with Kenyan Airways on a project to create a pan-African group, although it focuses on optimizing procurement and connectivity capabilities, rather than an equity injection.
“The domestic market is not our priority,” Lamola said. “Regional and international markets are our focus.”
Also note he only mentions going to Europe and the USA not before March 2028. 4 years away! That’s eons in the airline industry, he will most definitely no longer be at SAA then. He’s just playing for the crowd I reckon.Volo wrote: ↑Sat Jul 06, 2024 9:43 am.......................................................................ZX357 wrote: ↑Thu Jul 04, 2024 9:43 am 'Domestic market isn't our priority' SAA plans big global push with new planes, destinations
https://www.news24.com/fin24/companies/ ... s-20240704South African Airways plans to increase its destinations from its hub in Johannesburg by two-thirds by the end of April as it rebuilds its business to focus on regional and international routes after a deal with an investor collapsed.
The company is aiming to add nine destinations to its existing 14 and also plans to boost the number of aircraft by 50% to 21 by March, interim Chief Executive Officer John Lamola said, adding that the South African flag carrier has the cash to fund its expansion.
“We are cash positive as a company, and we are able to survive in the next 12 to 18 months on our own,” Lamola said in an interview with Bloomberg Television in Johannesburg. “Our strategic position is to differentiate ourselves as a national flag-carrier to be able to offer the country the connectivity with key investment and trading partners.”
The airline, founded in 1934, has had rely on taxpayers for years until its bankruptcy following the pandemic. A plan by the government to sell a 51% stake in the carrier was abandoned in March, forcing the company to scale back its expansion plans. While South African Airways won’t seek bailouts, it would ask for sovereign guarantees to expand over the next three years, Lamola said.
Lamola said the company could not comment on the nine new destinations, as it was commercially sensitive.
The carrier also plans to open routes to Frankfurt, Munich, London and to cities in the east coast of the US, Lamola said, though those destinations would only be considered in the year ending March, 2028.
Plans by President Cyril Ramaphosa’s government to sell its stake in the company to the Takatso group — made up of closely held Global Airways and private equity firm Harith General Partners — were scrapped in March. The deal would have resulted in a R3 billion cash injection for the airline.
Lamola said the carrier needs an airline partnership that could assist it in extending its reach. South African Airways is working with Kenyan Airways on a project to create a pan-African group, although it focuses on optimizing procurement and connectivity capabilities, rather than an equity injection.
“The domestic market is not our priority,” Lamola said. “Regional and international markets are our focus.”
I am sure that there are more than a few experts that will agree that Lamola is barking up the wrong tree in trying to jump in at the deep end with his International expansion .
The capital cost and infrastructural cost of having foreign desks and facilities must be daunting even for the well healed operators never mind the leases on global carriers probably coming at very high cost .
Why would he want to virtually ignore the local market even if the competition is strong .
I think the flying public may not be supporting his V2 as much as he had hoped .
It's just a lot of big talk, but there's no strong strategy behind any of it. For example, they started JNB-PER but then codeshare on Singapore Airlines JNB-SIN-SYD? Surely you support your own fledgling network first? They have an interline with Qantas, Virgin and Jetstar, but if they want a single code, then surely seeking a codeshare with Virgin is likely more important than codesharing on Singapore and shifting traffic from your own metal? It's abstract, but kinda shows that there is no direction in what they're trying to do.Volo wrote: ↑Sat Jul 06, 2024 9:43 am I am sure that there are more than a few experts that will agree that Lamola is barking up the wrong tree in trying to jump in at the deep end with his International expansion .
The capital cost and infrastructural cost of having foreign desks and facilities must be daunting even for the well healed operators never mind the leases on global carriers probably coming at very high cost .
Why would he want to virtually ignore the local market even if the competition is strong .
I think the flying public may not be supporting his V2 as much as he had hoped .
