SAA to undergo ‘radical restructuring’: Gordhan

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He said that government backed a national airline, but only if it was “viable, sustainable [and] profitable”.

“In pursuance of this, various options are being explored,” the statement read.

But before this could happen, SAA needed to get funding to keep the business running.

“Over the past few days there has been intense discussions with lenders to secure the necessary funds to cover the operational and structural transition over the next few months.

“It is our collective responsibility as South Africans to support SAA in its efforts to restore sales confidence among its customer base and rebuild revenues in the shortest possible time.

“We therefore reassure customers and encourage them to buy tickets with confidence.

“SAA is determined to remain open for business. Management is also committed to ensure financial sustainability going forward,” the statement read.

Gordhan concluded that marketing campaigns to rebuild lost confidence will be put in place, and the board and management would “take bold initiatives to increase its market share”.





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