SAA ready for Thursday's takeoff as Takatso focuses on share purchase deal

The National carrier resumes operations almost a year after it was grounded because of the pandemic and the business rescue process put in place soon after.

Picture: 123rf.com

CAPE TOWN - The South African Airways (SAA) said it was ready for takeoff on Thursday.

The National carrier resumes operations almost a year after it was grounded because of the pandemic and the business rescue process put in place soon after.

SAA's Simon Newton-Smith said they would start with three daily flights to Cape Town: “The focus right now is bringing back what's familiar. Really making the customer focus and we haven't always been known for that, certainly on the lead up to business rescue but the team is coming back with a very refreshed mindset.”

READ MORE: Takatso Consortium to conclude 51% share purchase of SAA with DPE

Meanwhile, Takatso Consortium on Tuesday said its main focus was the conclusion of the share price agreement for 51% of SAA with the Department of Public Enterprises.

Takatso CEO Gidon Novick said: “The relaunch of the airline is separate to the engagement between Takatso and the Department of Public Enterprises to acquire a 51% stake in SAA. We have progressed the due diligence process of SAA, which is now substantially complete, and no material issues have been identified.”

The consortium said it was not involved in the airline taking off nor the management and funding of it.

Novick said: “Our focus now is on concluding the share purchase agreement. It’s a large and complex transaction and we anticipate that it will take some time, but there is strong commitment from both parties to ensuring the agreement is finalised.”

This agreement will be subject to various approvals and pre-conditions, it added.

The consortium comprises Harith General Partners, a leading Pan African investor in African infrastructure and global aviation.

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