Debt repayments continue to cost SAA

SABC News Zuks Ramasia 1 - Debt repayments continue to cost SAA

South African Airways (SAA) says debt repayments and maintenance of aircraft are the carrier’s biggest expenses.

The airline has been facing dire financial challenges, which have ultimately led to the resignation of its CEO Vuyani Jarana.

SAA Interim CEO Zukisa Ramasia spoken to the SABC about the issues…

Click audio below for full interview:

On Friday, SAA said it remains on track with its turnaround and restructuring plans despite its current challenges.

Its turnaround will see major changes in how procurement will be done and also the company’s structure.

The airline is saddled with a R20 billion debt.

The national carrier said they are also filling key posts.

Related video click below:

The post Debt repayments continue to cost SAA appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *