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Browsing: South African Airways
- Airlines across Africa are expected to fly into a combined $500 million loss this year. The loss is, however, an improvement from the combined $800 million loss suffered in 2022.
- African airlines have to navigate several economic, infrastructure, and connectivity challenges.
- Data shows Egypt, Morocco, and Ethiopia carriers have seen an increase in traveler numbers in March 2023.
African airlines are expected to fly into a combined $500 million loss this year. The projected loss is, however, a significant improvement from the $800 million combined loss sustained last year.
According to the International Air Transport Association (IATA), Africa remains a difficult market for airlines.
African Airlines smarting from pandemic
Companies have to navigate several economic, infrastructure, and connectivity challenges. These hurdles continue to significantly impact the industry, which is still smarting from the Covid-19 economic fallout.
Last year was a rough period for African airlines in the skies.…
- Kenya Airways (KQ) and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities
- The deal comes when demand for air travel is rebounding following negative shocks caused by the COVID-19 pandemic
- The partners noted that the code-sharing agreement would see each airline sell, under its own code, flights operated by each other; South African Airways or Kenya Airways
Kenya’s national carrier Kenya Airways (KQ) and South African Airways (SAA), have signed a codeshare agreement that opens more destinations for seamless travel opportunities.
According to the partners, the deal comes when demand for air travel is rebounding following negative shocks caused by the COVID-19 pandemic.
The partners noted that the code-sharing agreement would see each airline sell, under its own code, flights operated by each other; South African Airways or Kenya Airways.
SAA’s customers would continue to earn Voyager Miles on these new …
The Entebbe airport stands to transform Uganda’s movement over time as it advances to become an oil economy alongside Tanzania.
South Africa, one of the wealthiest countries, has the largest road network, 750,000kms, while Tanzania, East Africa’s competitive economy, has more than 86,000km of roads.
In the current economic scenario, where uncertainty brought by economic shocks from the pandemic and political tensions force nations to expand their horizon of influence, the past years have shown why African infrastructures must be robust and conducive to enhancing value creation.
Whoever moves fast and swiftly dominates the economic conversation. South Africa, Kenya, Namibia and Nigeria are among the top African nations with more robust economies.…
Kenya’s national carrier, Kenya Airways PLC (KQ), has signed a Strategic Partnership Framework with South African Airways (SAA), a key milestone towards co-starting a Pan African Airline Group by 2023.
The partnership framework follows the Memorandum of Cooperation (MoC) that the two airlines signed two months ago to foster the exchange of knowledge, expertise, innovation, digital technologies, and best practice between the two airlines.
The signing of the Strategic Partnership Framework by the two African airlines will see both airlines work together to increase passenger traffic, cargo opportunities, and general trade by taking advantage of strengths in South Africa, Kenya, and Africa.
It is expected that the partnership will improve the financial viability of the two airlines. Customers will also benefit from more competitive price offering for both passenger and cargo segments.
The signing of the Strategic Partnership Framework was witnessed by President Uhuru Kenyatta and his South African host, …
The business model for airlines has been fundamentally flawed for decades but the last 20 years or so have been particularly challenging.
Growing competitiveness, a roller coaster of fuel prices, labor unions, and especially the phenomenon of low-cost carriers have made it all the more difficult to reach positive earnings pretty much in every route.
With a number of countries sporting continental distances, Africa has been an exciting promise for air carriers, but not without its challenges. Poor infrastructure and the high cost of maintenance and logistics have plagued the development of an effective air grid in the continent. Nevertheless, a great opportunity remains.
At the beginning of the last decade, South African Airways was a dominant force, carrying some 9 million passengers yearly while Kenya Airways and Ethiopian Airlines combined were just shy of 6 million yearly passengers. However, poor management choices combined with borderline irresponsible behavior from …
South African Airways (SAA)—one of Africa’s largest carrier has just proposed to the south African government a $ 1.2 billion bailout assist debt settlement and resume flying as the second-largest economy anticipates to reopen the economy.
The fresh plan has received mixed feelings as Public Enterprises Minister Pravin Gordhan powerfully disapproved to that plan, and announced his ambitions for the creation of a new airline at the start of the month.
While on Sunday, President Cyril Ramaphosa restated the government’s purpose to revive SAA, according to information from Bloomberg News.
As the Ethiopian Airlines CEO Tewolde Gebremariam assures the world of a decent return for African planes, “here in Africa we expect to be slightly faster in recovery,” Gebremariam said in an interview with Bloomberg, SAA administrators eye a massive return.
According to information from Bloomberg News, the plan includes about 977 million rands that will go toward repaying South …
South African Airways (SAA), one of Africa’s iconic airline, which currently operating under-loss, could resort in cutting-routes to save the state-owned flag carrier, SAA rescue team revealed.
Several news outlets, including Bloomberg, noted that SAA administrators have defended their decision to cut-routes, even after several objections from South African President Cyril Ramaphosa, the government and labor unions.
According to a report by Reuters, under South African company law, the business rescue team is entitled to take decisions that are deemed necessary to turn a distressed company around, independently of government. In theory, it could ignore the government’s objections.
Bloomberg reported that South African Airways will halt service to nine international cities, including Hong Kong and Sao Paulo, and cease all local services except those between Johannesburg and Cape Town.
The move is “in the best interests of SAA,” joint administrators Les Matuson and Siviwe Dongwana said in an emailed statement …