SAA deal: Don't expect R3bn cheque on day 1 of starting up, says consortium CEO Gidon Novick

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As for any intentions to emulate other international airlines, Novick said there are many great case studies.
As for any intentions to emulate other international airlines, Novick said there are many great case studies.
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It is unreasonable to expect that the new strategic equity partner of South African Airways (SAA) - the Takatso Consortium - will sign a cheque of R3 billion on day one of the airline's start-up, says its CEO, Gidon Novick.

He is also the co-founder of kulula.com and SA's newest low-cost airline LIFT, which started operating in December last year.

SAA's shareholder, the Department of Public Enterprises (DPE), announced a week ago that it has chosen the Takatso Consortiun as strategic equity partner. The public-private partnership with the DPE foresees that the consortium will put in about R3 billion over the next few years.

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