South Africa’s state airline seeks minority partner, loans

A South African Airlines aircraft takes off from O.R. Tambo International Airport in Johannesburg. (Image: Waldo Swiegers/Bloomberg)

Bloomberg

Tue, 23 Apr 2024

By Loni Prinsloo(Bloomberg) - South Africa is seeking potential minority investors and access to capital markets and loan financing for South African Airways (SAA) for more rapid expansion, following the collapse of a previous equity deal, the national flag carrier’s interim chairman Derek Hanekom said on local broadcaster eNCA.The airline had to revise its expansion plans after talks were scrapped and has now delayed opening more international routes to London, Frankfurt and North America, Hanekom said.The South African government had pl...

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