LETTER: Decisions on SAA just do not fly
While other airlines negotiate for cheaper leases, ours wants to buy expensive aircraft
SAA in business rescue has returned all its leased aircraft to the lessors, in an aviation environment where its more capable global peers (also in distress) are using this one-off global opportunity to negotiate lease terms at rates up to 50% cheaper than pre-Covid. So why not SAA?
At the date of writing, SAA is still technically in business rescue, notwithstanding that all so-called conditions of the plan were met two weeks ago. Notwithstanding this, the public enterprises department and its army of nondescript advisers invited Airbus, Embraer and Mitsubishi to provide proposals to acquire a brand new fleet of aircraft for delivery starting in October, which is nigh on impossible...
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