SAA adds 10 more aircraft to their fleet

2013-07-23 22:43

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

Johannesburg - SA Airways (SAA) and Standard Chartered Bank have signed a deal enabling the airline to acquire 10 Airbus A320-200 aircraft, the company said on Tuesday.

"The aircraft will be delivered over the next two years, with the first two deliveries taking place in July this year [2013]," said newly appointed SAA CEO Monwabisi Kalawe.

The deal was brokered by Standard Chartered aviation finance team Pembroke, and is a 12-year sale and leaseback agreement with SAA for 10 Airbus A320-200 aircraft.

Pembroke would own the 10 aircraft and lease them to SAA over 12 years.

Kalawe said the company was grateful that Standard Chartered had agreed to be the financiers for the first 10 aircraft in the SAA fleet renewal.

"The deal will significantly enhance SAA's domestic and regional growth strategy to become the carrier of choice in Africa," Kalawe said.

"The Airbus A320-200 aircraft are central to SAA's plans to provide an efficient and comprehensive regional route network."

He said the deal provided the necessary solution by securing a new generation, fuel-efficient fleet.

Kieran Corr, head of aviation finance for Standard Chartered, said: "We have long-standing relationships with our clients and meeting their needs is our top priority."

Pembroke is wholly owned by Standard Chartered PLC and owns and manages a diverse portfolio of more than 90 aircraft.

- SAPA
Read more on:    saa  |  johannesburg  |  air travel
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
38 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Something may be bothering you. A flooded mind and impulsive reactions are not a good combination as you are not thinking clearly....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.