Pan-African Airline, a highly anticipated venture, finds itself in a state of uncertainty following the collapse of plans for a private capital infusion into South African Airways (SAA).
Pan-African Airline, a highly anticipated venture, finds itself in a state of uncertainty following the collapse of plans for a private capital infusion into South African Airways .
However, recent developments have derailed this trajectory as the South African Government disclosed that the proposed acquisition has faltered due to a revised transaction structure. The envisioned Pan-African Airlines, a collaborative effort between Kenya Airways and SAA, was slated for establishment this year. However, Kenya Airways revealed last week that the project faces postponement as both airlines prioritise recapitalisation efforts.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kenya: KQ, SAA Delay Pan-African Airline Formation for RecapitalisationThe establishment of a Pan-African Airline, scheduled to take shape this year, has been delayed as the two carriers intended to form the alliance are seeking to recapitalise.
Read more »
SAA sale crashes and burns, after Gordhan decides to increase airline's valueSAA sale crashes and burns, after Gordhan decides to increase airline's value
Read more »
The fight over Safair and SAA: Airline ownership disputes stalk SA aviation industryIn the private sector, competitors have complained about the ownership structure of Safair. In the public sector, the sale of SAA has collapsed.
Read more »
SAA’s R51 sale to Takatso grounded for goodSouth Africa has terminated a deal to sell a controlling stake in its flagship airline SAA.
Read more »
South African government terminates sale of majority stake in SAAThe South African government has terminated the sale of a majority stake in South African Airways (SAA) to Takatso Consortium due to a lack of progress in negotiations. The announcement was made by Public Enterprises Minister Pravin Gordhan during a media briefing in Cape Town.
Read more »