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SAA to cut fleet in bid to return to profitability

The airline runs one of Africa’s biggest fleets but is loss-making.

FILE: An SAA aircraft. Picture: Elmond Jiyane/GCIS

CAPE TOWN - South Africa’s struggling national airline SAA said on Wednesday five narrow-body aircraft would be retired from its fleet by December, causing an overall flights reduction of 23%, in a bid to return to profitability.

“One narrow-body aircraft has left the fleet, with four more expected to leave the fleet by December 2017,” a presentation to legislators said.

The airline runs one of Africa’s biggest fleets but is loss-making.

It received state funds in July to help to repay debts and also depends on government debt guarantees of about R20 billion.

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