SAA Requests State Funding, Appoints Interim CEO

SAA Requests State Funding, Appoints Interim CEO

South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs four billion rand (€236 million) from the government to survive the current financial year.

Zukisa Ramasia becomes Interim Chief Executive after Vuyani Jarana unexpectedly resigned at the end of May after less than two years in the job, saying his turnaround strategy was being undermined by a lack of state funding and too much bureaucracy.

Zukisa, who has more than 25 years’ experience in aviation, will start her new role on Monday after Vuyani indicated that he will no longer serve a notice period.

SAA has started searching locally and globally for a permanent CEO to stabilise the airline and oversee the implementation of the long-term turnaround strategy.

SAA has not made a profit since 2011 and Vuyani Jarana launched a revised five-year turnaround plan that includes slashing costs and cancelling unprofitable routes, requiring around 21.7 billion rand (€1,28 billion) in cash injections from the government.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *


NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

WestJet Link Welcomes 195,000+ Guests in First Year of Service

Neil SteedmanJune 24, 2019

CAR Issues New Travel Agent Licence, Adds Branch for Another

Neil SteedmanJune 23, 2019

Hertz Unveils ‘Kollektion 7 – Made in Germany’

Neil SteedmanJune 23, 2019

‘Mount Rushmore’ Style Sculpture of Fairhead

Michael FloodJune 22, 2019

Click&Go Seeks European, Cruise and Worldwide Sales Executive

Neil SteedmanJune 21, 2019

2019 ITTN+Emirates Travel Photographer of the Year

Michael FloodJune 20, 2019

Visiting Japan in Lap of Luxury with Finnair

Fergal McAlindenJune 20, 2019

World Travel Centre to Appoint Business Travel Consultants

Neil SteedmanJune 20, 2019

IAG Orders Airbus A321XLRs for Aer Lingus and Iberia

Neil SteedmanJune 20, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland