South Africa’s state-owned flag carrier, South African Airways (SAA), has announced plans to resume flights with effect from 23rd September 2021, after emerging from a 17-month business rescue process in April 2021 and nearly two years after its flight operations were grounded.
The airline had suspended flights in response to the adverse effects of Covid-19, which led to international travel restrictions, worsening its long-standing financial woes.
However, the sale of a 51% SAA shareholding to a private sector consortium has not yet been concluded. This means the airline will resume operations without the $201,3 million working capital initially promised by the consortium that plans to purchase the shares.
The airline says it will initially just operate flights from Johannesburg to Cape Town, Kinshasa, Accra, Lusaka, Maputo and Harare. Other destinations will after that be added to the route network as operations ramp up in response to market conditions.