News

SAA Requests State Funding, Appoints Interim CEO

SAA Requests State Funding, Appoints Interim CEO

South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs four billion rand (€236 million) from the government to survive the current financial year.

Zukisa Ramasia becomes Interim Chief Executive after Vuyani Jarana unexpectedly resigned at the end of May after less than two years in the job, saying his turnaround strategy was being undermined by a lack of state funding and too much bureaucracy.

Zukisa, who has more than 25 years’ experience in aviation, will start her new role on Monday after Vuyani indicated that he will no longer serve a notice period.

SAA has started searching locally and globally for a permanent CEO to stabilise the airline and oversee the implementation of the long-term turnaround strategy.

SAA has not made a profit since 2011 and Vuyani Jarana launched a revised five-year turnaround plan that includes slashing costs and cancelling unprofitable routes, requiring around 21.7 billion rand (€1,28 billion) in cash injections from the government.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

ITTN Photographer of the Year 2021 – Send in Your Photos!

Fionn DavenportApril 16, 2021

Disney Guest Blows Hot And Loses a Cool $15k

Fionn DavenportApril 16, 2021

British Airways Offers Discounted Covid Test

Fionn DavenportApril 16, 2021

Which Countries will be Open for Travel this Year? Here are Seven Contenders…

Fionn DavenportApril 16, 2021

Irish Travel Agents Association Welcome Ireland’s Aviation Restart Plan 2021

Fionn DavenportApril 16, 2021

Vaccinated People Exempted from Hotel Quarantine

Fionn DavenportApril 16, 2021

World’s Most Beautiful Road Trips including the Wild Atlantic Way

Michael FloodApril 16, 2021

Silversea names Paul Theroux as Tale Teller on World Cruise 2022

Michael FloodApril 16, 2021

MTA Introduces New Over 50s Course to Malta Training Programme

Fionn DavenportApril 16, 2021

Copyright © 2021 ittn