Johannesburg - South African Airways, the unprofitable national airline that relies on state funding, is planning to fire members of the board at a meeting tomorrow, according to the government.
“One of the items on the agenda is the removal of some board members,” a government spokesman Colin Cruywagen said by phone today.
Four non-executive directors already resigned from the carrier last week ahead of the special general meeting convened by Public Enterprises Minister Lynne Brown.
SAA, as the airline is known, is awaiting a financial support guarantee from the Treasury to continue as a going concern and has delayed the publication of earnings for the 12 months ending March 2014.
The carrier wants to replace its aging fleet of long-haul aircraft with new Boeing and Airbus models and has named KPMG to advise on the process.
Brown said on October 17 that she and Finance Minister Nhlanhla Nene would lead a team focusing on the future of SAA, with the aim of getting the company to survive off its own balance sheet.
SAA spokesman Tlali Tlali declined to comment beyond that statement. - Bloomberg News