Treasury moves to inject technical experience and expertise into SAA board
The Treasury is calling for nominations of aviation experts and people with aviation experience for appointment to the South African Airways board. It is not clear how many new appointments the Treasury plans to make to the state carrier’s board. A new board was put in place at SAA in September after a long standoff with the Treasury over R19bn in guarantees, without which the airline would have been technically insolvent. In the advert in Tuesday’s Business Day, the Treasury requested nominations of candidates suitable "by virtue of their qualifications, expertise and experience in the field of aviation". This was "in particular experience in airline management preferably with respect to the commercial functions including network and fleet planning and revenue management". The airline, along with other state-owned carriers Mango and SAExpress could be in a rationalisation process with the Treasury and Department of Public Enterprises appointing Bain SA in October to review the oper...
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