CE: South African Airways to implement tough restructuring measures
South African Airways CE Vuyani Jarana said the airline has identified necessary measures needed to restructure the loss-making carrier. “It is [crystal clear] now what is needed and we have begun to make tough decisions,” he said. In May, the South African govt agreed to making a further ZAR5b (US$407m) cash injection into the airline, the latest in a series of bailouts after it tripled losses to ZAR5.4b for the 2016-17 financial year, which ended March 31. “Most of our problems are purely in how we address the market,” Jarana said. “We have to be able to pick the upside of market growth; even competition is increasing. It is about how we organise ourselves.” Jarana, who has been CE for 6 months, said his team has focused on re-examining the airline’s strategy and making adjustments based on market conditions. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-08/star/ce-south-african-airways-to-implement-tough-restructuring-measures
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CE: South African Airways to implement tough restructuring measures
South African Airways CE Vuyani Jarana said the airline has identified necessary measures needed to restructure the loss-making carrier. “It is [crystal clear] now what is needed and we have begun to make tough decisions,” he said. In May, the South African govt agreed to making a further ZAR5b (US$407m) cash injection into the airline, the latest in a series of bailouts after it tripled losses to ZAR5.4b for the 2016-17 financial year, which ended March 31. “Most of our problems are purely in how we address the market,” Jarana said. “We have to be able to pick the upside of market growth; even competition is increasing. It is about how we organise ourselves.” Jarana, who has been CE for 6 months, said his team has focused on re-examining the airline’s strategy and making adjustments based on market conditions. <br/>
