State-owned airline South African Airways (SAA) is embarking on a restructuring plan to return to profitability. "We envisage that the airline will be unbundled into seven subsidiaries, anchored by a full-service passenger airline," SAA chief executive Khaya Ngqula said. The restructure would achieve a R2,7 billion turnaround over the next 12 to 18 months, he said. - I-Net Bridge
State-owned airline South African Airways (SAA) is embarking on a restructuring plan to return to profitability. "We envisage that the airline will be unbundled into seven subsidiaries, anchored by a full-service passenger airline," SAA chief executive Khaya Ngqula said. The restructure would achieve a R2,7 billion turnaround over the next 12 to 18 months, he said. - I-Net Bridge