State-owned SAA's longstanding financial woes were exacerbated
by the COVID-19 pandemic and it halted all operations last
September when it ran out of funds. The company exited
administration
https://www.reuters.com/world/
africa/south-african-airways-exits-administration-after-17-months-2021-05-01
in April thanks to another massive government bailout.
It restarted domestic flights from Johannesburg to Cape Town on
Thursday and next week will launch a slimmed-down international
service to five African capitals: Accra, Kinshasa, Harare,
Lusaka and Maputo.
"After so many months we've been waiting for this moment, I am
so excited. I am over the moon," Mapula Ramatswi, an SAA flight
attendant told Reuters at Johannesburg's OR Tambo International
Airport.
"I'm actually emotional the fact that it's happening today, we
never thought it would happen."
Ramatswi said the many months when SAA was grounded were
difficult financially, but her family had helped her pull
through.
Her colleagues sang church songs, ululated, clapped and danced
nearby as an SAA plane with its tail fin bearing the colours of
the South African flag took off.
The government has said it will sell a majority stake in SAA to
a local consortium, and a due diligence process has been mostly
completed. But the share purchase agreement has not yet been
signed.
The planned sale of a 51% stake in SAA is part of government
efforts to halt repeated bailouts to ailing state firms like SAA
and power utility Eskom that have placed massive strain on
stretched public finances.
(Additional reporting by Sisipho Skweyiya; Writing by Alexander
Winning; Editing by Frances Kerry)
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