SAA 'proud' of turnaround strategy
The carrier says the latest strategy is necessary to return the company to financial stability.
CAPE TOWN - South African Airways (SAA) Chairperson Dudu Myeni on Wednesday told Parliament the airline's long-term turnaround strategy is necessary to return the company to financial stability.
SAA management updated the select committee on labour and public enterprises on plans for the national carrier.
Miyeni tried to convince Members of Parliament (MPs) that the airline's strategy will take the carrier to new heights.
"We are committed to working with all stakeholders to ensure that our airline soars to the next level."
This is the ninth turnaround strategy for the airline in a little more than a decade.
SAA CEO Monwabisi Kalawe says his management team is proud of the latest strategy.
"Unlike strategies of the past, this one is home grown."
The plan includes cutting costs and shutting down certain flight routes.
The national carrier managed to save R300 million between April and December 2013.