SAA To Be Split Into Three Units

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SAA e1538054854398 - SAA To Be Split Into Three Units

South Africa’s struggling state-owned airline (SAA) is to break into three business units as part of a restructuring plan, its chief executive Vuyani Jarana said on Monday.

Jarana said the firm – which has not made a profit since 2011 and was given a R5 billion bailout last year to shore up its balance sheet – will be split into domestic, regional and international business units, each with their own management.

EWN

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1 comment on “SAA To Be Split Into Three Units

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