A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
Ahead of its settlement agreement with SAA, Comair says its ongoing diversification into non-airline business continues to offset the narrow margins and volatility of commercial aviation.
Low-cost airline FlySafair has been ranked the world’s most on-time airline by air travel intelligence specialist OAG.
FlySafair expects to turn a profit in the second half of this year, despite fighting a price war with key rivals in the local domestic space, says FlySafair CEO Elmar Conradie.
Four days after SAA said it sub-leased aircraft to Mango at a discounted cost, raising concerns of collusion, it did an about-turn and denied that it had done so.
Grounded Skywise says six companies have already expressed interest in buying a sizable stake in the low-cost airline.
While Acsa has refused to give Skywise a 48hr extension on its debt, Air Traffic Navigations Services has confirmed it has sound business relations with the airline.
The price war in the South African low cost airline industry will most likely continue until one or more of the current four carriers exit, says Mango CEO Nico Bezuidenhout.
South African Airways says that Nico Bezuidenhout, its acting chief executive officer, will stand down and return to the Mango low-cost arm.
Comair says it wants a level playing field to ensure that all airlines face the same risks and the same requirements to operate on sound commercial principles.
The decision to grant SA Airways an extension of a government guarantee is supported by the Constitution, the High Court in Pretoria has heard.
Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets, says Boeing.
The High Court has ruled in favour of Comair in a case initiated against SAA 14 years ago in respect of anti-competitive travel agent incentive schemes.
CEO says an airline has to go belly-up or airfares need to increase to stay in business.
The DA says it will request the Competition Commission to launch a full-scale probe into alleged collusion between SAA and its low-cost subsidiary Mango Airlines.
Acsa should be applauded for grounding Skywise, says Unathi Sonwabile Henama.
In the wake of its grounding by ACSA over unpaid debt, Skywise is pleading for the state's help in an open letter.
Africa-focused budget airline Fastjet is looking beyond the region’s current economic woes as it forges ahead with setting up an inter-regional aviation company.
Comair’s failed high court application against SAA receiving constant government bailouts needed Parliamentary attention, says CEO Erik Venter.
Comair has asked the North Gauteng High Court to set aside the government's R5bn guarantee to SAA as it creates more inequality among airline industry competitors.
The validity of SAA receiving an extension of a government loan is a matter for the courts, not the Competition Commission, the High Court in Pretoria has heard.
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