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SA government receives proposals from private sector for forming a new airline

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Logistics Update Africa
SA government receives proposals from private sector for forming a new airline

South Africa’s department of public enterprises has received an expression of interest in a new and restructured South African Airways (SAA).

The department said that the airline, which is currently in business rescue proceedings, has received unsolicited proposals from private sector funders, private equity investors, and potential airline partners for a new national airline that must emerge from the business rescue process,

“Government is intent in pursuing credible proposals for investment and strategic partnerships with the private sector, as well as equity participation for employees. Such partners will also introduce technical, financial and operational expertise,” the department stated.

 

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