SA Express makes a play to hold on to a life of its own
Interim CEO says feeder airline has a place in the market
The interim CEO of state-owned airline SA Express, Siza Mzimela, says that the company will break even by April and will not require further state support. In an interview, Mzimela made the case for the continued existence of the troubled airline, the future of which is in doubt as cabinet mulls a plan to restructure the state-owned airline business. Among the issues that need to be decided on is whether SA Express should become a subsidiary of SAA, whether it should be collapsed into SAA or whether it should be shut down entirely. The company has delivered large losses over the past few years and was grounded by the SA Civil Aviation Authority (CAA) in May. Mzimela, who was appointed in August, said that a R600m loss was projected for 2018-19 year but that the financial position would improve markedly after that. “In order for us to break even we need to fly more aircraft, more often and sweat our assets. Come April we will be breaking even as we will be flying more routes,” she sa...
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