South African Airways (SAA) has appointed aviation consultants Seabury to advise its board on the restructuring process being undertaken by the airline. Seabury started work on Monday, advising the board on growing revenue and on a long-term business plan. SAA’s confirmation of the appointment on Sunday means there are two consultants working at the airline at the same time. Public Enterprises Minister Lynne Brown recently announced Bain & Co SA had been paid R12.1m to develop the corporate plan for the merger of SAA, SA Express and Mango. It is expected to conclude its brief by the end of January. Seabury was appointed following a confined bidding process and would report to the board and the CEO, SAA spokesman Tlali Tlali said. He said the advisory team was set up "to look into SAA’s funding requirements and to find lasting solutions or proposals for the airline’s liquidity challenges. The proposals will be accompanied by an implementation plan with specific milestones and timelin...
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