SAA to be separated into three divisions
Written by Lethiwe Mdluli on 18 February, 2019
By: Zilungile Mkhize
State-owned airline South African Airways will be splitting into three separate entities.
CEO, Vuyani Jarana, has announced that SAA will be split into entities responsible for handling their domestic, regional, and international flight routes.
Jarana says each unit will have independent management.
This is the second ‘unbundling’ announcement, following President.
Cyril Ramaphosa, saying the same will be happening to Eskom.
The struggling airline was bailed out by the government last year, with R5 billion allocated in the medium-term budget policy statement to help it face a looming debt crisis.
The unbundling of the airline is set to help with their plans to rise out of debt.