Gigaba: New SAA CEO tasked with regaining public confidence

The airline recently received a bailout of over R3 billion to repay a loan to Citibank.

FILE: Malusi Gigaba. Picture: AFP

JOHANNESBURG - Finance Minister Malusi Gigaba says South African Airways (SAA)’s newly appointed CEO Vuyani Jarana has been tasked with regaining the confidence of the public by establishing clear control measures at the embattled airline.

Gigaba has given an update on operations after the new board was put in place.

The airline recently received a bailout of over R3 billion to repay a loan to Citibank.

Gigaba says he’s instructed SAA’s new board to ensure a clear delineation of roles in dealing with issues at the national carrier.

He says CEO Jarana has a major role to play in reassuring the public.

“One of the things that the new CEO must do is to establish very clear control measures that will improve the operation of the airline.”

Gigaba says a turnaround plan has been put in place to help bring the airline back to financial sustainability.

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