South African Airways (SAA) is the flag carrier airline of South Africa.[4] Founded in 1934, the airline is headquartered in Airways Park at O. R. Tambo International Airport in Johannesburg and operated a hub-and-spoke network, serving ten destinations in Africa.[1] The carrier joined Star Alliance in April 2006 (2006-04), making it the first African carrier to sign with one of the three major airline alliances.[5]
The airline entered voluntary business rescue in December 2019 as a result of many years of financial losses,[6] and suspended all operations the following year.[7] In June 2021, the government announced that in an attempt to revive the airline, it had entered into a partnership with the Takatso Consortium, which would hold a 51% controlling stake.[8] The South African Civil Aviation Authority confirmed on 4 August 2021 that SAA's air operator's certificate had been reissued with an approved fleet of eight aircraft.[1]
The airline restarted operations on 23 September 2021,[9] despite not having concluded the investment agreement with the proposed private partners.[10] Nonetheless, SAA was recognised as the second best airline in Africa by Skytrax in 2021,[11] despite not having flown a single scheduled flight for 18 months.
^ abc"South African Airways resecures its AOC ahead of restart". ch-aviation. 4 August 2021. Retrieved 9 August 2021.
^"SAA appoints Lamola as new CEO". Eye Witness News (EWN). 29 April 2022.
^"SAA counts R16 billion in losses over three years". 15 May 2020.
^"South African Airways | SA Airlines Flights & Specials". www.sa-airlines.co.za. Retrieved 3 October 2019.
^"Member Airline Details". www.staralliance.com. Retrieved 3 October 2019.
^"South African Airways is in business rescue: what comes next?". The Africa Report. 9 December 2019.
^"SAA administrators suspend all operations until funding found". Reuters. 29 September 2020.
^"Takatso Consortium to own 51% of SAA". www.africaglobalfunds.com. Retrieved 21 June 2021.
^Alan Dron (24 September 2021). "South African Airways restarts service with limited route network". Routes Online.
^"Ahead of SAA take-off, Takatso makes it clear it is not (yet) involved". News24. 21 September 2021.
^"World's Top 100 Airlines 2021". Skytrax. Retrieved 29 September 2021.
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R26.023 billion (2018/19 FY)