The airline South African Airways nears collapse

South African Airways (SAA) is on the brink of collapse. The South African government no longer wants to invest and the national airline is currently working on creating severance packages for all 4700 employees.

airplane of south african airways in the sky

The state-owned airline has been in financial troubles for years

South African Airways has been struggling financially
for years and was put into a form of bankruptcy protection in December. SAA has
been dependent on government support for years. Due to high costs to fight the
corona virus the South African government no longer want to guarantee the
airline’s loans. South African Airways’ last profitable year was 2011.
Bankruptcy is near as the airline is working on creating severance packages for
all 4.700 employees.

Only South African airline with long-haul flights

South African Airways – member of the Star Alliance –
was founded 86 years ago. The SAA fleet consists of 45 aircraft and flies to 42
destinations. It is the only airline in South Africa to offer long-haul
flights. These long-haul flights mainly go to European destinations such as
Frankfurt, Munich and London.

Until further notice

EUclaim is closely monitoring the situation. We will update this news item when more clarity is provided from South African Airways.

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