CAPE TOWN - In a bid to save its reputation, South African Airways (SAA) has progressively implemented a turnaround plan with network remediation.
This comes after the airways plans on cutting down on flights. SAA has been in a public crisis by requiring a R2.2 bn bailout from Ttreasury.
It is alleged that the National Treasury approached the Public Investment Corporation (PIC) to procure a R12 bn stake in Telkom to bailout SAA.
Minister of Finance, Malusi Gigaba has since denied such allegations.
Meanwhile, SAA has devised a turnaround plan.
SAA already announced its plans to introduce network enhancements which are in line with the implementation of its newly developed five-year Corporate Plan in order to improve schedule efficiencies.
The fiveyear plan is believed to save the airways from financial instability.
“There is every urgency to aggressively implement this turnaround plan in a manner that shows results in improved efficiencies and ensure schedule integrity for all our customers. We are therefore monitoring route performance and have made some capacity adjustments to align our schedule and frequency for sustainable and profitable outcomes.
“Demand in Central Africa has remained at levels similar to last year due to slow economic growth in the region. Our intention therefore is to maintain our presence in these markets, and we have initiated discussions with our partners to decide on the best option to serve these markets", says SAA spokesperson, Tlali Tlali.
In addition to the five-year plan, SAA has cut down on flights.
However, SAA assures that it will honour its obligation to all ticketed customers who have purchased tickets well in advance.
Ticketed customers will be re-accommodated on other flights.
The adjusted flights, effective 29 October is as follows:
SAA will continue operating flights to Port Elizabeth and East London, with daily flights reduced from 4 to 2 to Port Elizabeth and from 3 to 2 to East London.
Regional network reductions:
Flights to Brazzaville, Pointe Noir and Libreville with connections onward to Cotonou and Douala are under review. SAA is evaluating options to reduce operations or down gauge aircraft type.
Flights to Luanda (Angola) will be reduced from 7 to 4 per week and the aircraft type will be down graded, flights to Kinshasa (Democratic Republic of the Congo) will move from 5 to 4 per week.
“These changes will enable SAA to revise its schedules and frequencies as and when needed in order to meet the ever changing demand patterns across its network", concludes Tlali.
- BUSINESS REPORT ONLINE