Jump to content

South Africa Air: Verge of Bankruptcy??!!


TLCOhio
 Share

Recommended Posts

From the BBC and other media sources earlier this month, they have this headline: South African Airways 'is on verge of bankruptcy' with these highlights: South African Airways (SAA) has run out of money and is teetering on the edge of bankruptcy, according to information given to the country's parliament. It is thought the national carrier may soon be unable to pay salaries. The cash-flow statement shown to MPs and seen by the BBC paints a picture of an airline haemorrhaging cash. The airline has lost money in each of the past seven years.

 

In doing our South Africa trip last year, the main, long-haul international flights we had were nicely with Qatar Air through Doha. BUT, we had three flights with SAA involving getting from Cape Town to Johannesburg, plus our flights up to Victoria Falls and coming back from Botswana. Those flights worked well and smoothly.

 

Now the question seems to be how much more the challenged South African government can continue to spend to subsidize SAA flights and operations. My sense is if doing South Africa flights involving this airline, making payments on credit cards would be a smart protection and would also would keeping an eye on this "situation". Reactions and other, better information/background?

 

Full story at:

http://www.bbc.com/news/business-40813582

 

THANKS! Enjoy! Terry in Ohio

 

AFRICA?!!?: Lots of interesting and dramatic pictures can be seen from this live/blog at:

www.boards.cruisecritic.com/showthread.php?t=2310337

Now at 33,758 views for this visual sharing including Cape Town, along South Africa’s coast, Mozambique, Victoria Falls/Zambia and Botswana's famed Okavango Delta area.

Link to comment
Share on other sites

I have flown SAA several times over the past few years for business and with my family. I always found their product to be top notch. Usually flown from either IAD or ATL and did several internal flights. Hopefully they will survive.

 

Bill

Link to comment
Share on other sites

not to worry - the gov will bail them out - in other words people will be taxed and will bail them out.:loudcry:

 

Part of the challenge on this question and with your idea for the government bailing out this airline, is that the current South Africa leadership is viewed as corrupt and running out of money. The national government there has already been pumping lots of money into subsidizing this airline. It cannot continue indefinitely.

 

THANKS! Enjoy! Terry in Ohio

 

Enjoyed a 14-day, Jan. 20-Feb. 3, 2014, Sydney to Auckland adventure, getting a big sampling for the wonders of "down under” before and after this cruise. Go to:

http://boards.cruisecritic.com/showthread.php?t=1974139

for more info and many pictures of these amazing sights in this great part of the world. Now at 185,384 views for this posting.

Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
 Share

  • Forum Jump
    • Categories
      • Welcome to Cruise Critic
      • New Cruisers
      • Cruise Lines “A – O”
      • Cruise Lines “P – Z”
      • River Cruising
      • ROLL CALLS
      • Digital Photography & Cruise Technology
      • Special Interest Cruising
      • Cruise Discussion Topics
      • UK Cruising
      • Australia & New Zealand Cruisers
      • Canadian Cruisers
      • North American Homeports
      • Ports of Call
      • Cruise Conversations
×
×
  • Create New...