Air Transport World

South African Airways.(AFRICA/ MIDDLE EAST Report)(Brief article)

* South African Airways said June 4 that it will ground its six 747-400s, cut its management staff by 30% and divide into seven subsidiaries in an effort to return to profitability. It also intends to create alliances with other African carriers to develop a regional network while dropping unprofitable intercontinental routes including service to Paris.

Two months after CEO Khaya Ngqula vowed to initiate a "full-scale restructuring" program that would respect "no holy cows," he outlined the extent of the changes and claimed that a return to profitability within 12-18 months is possible. …

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