SAA may be closer to lift-off, new owner 'pretty comfortable' about finding R3bn

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There are still questions about where its new controlling partners will find R3 billion to fund SAA in coming years.
There are still questions about where its new controlling partners will find R3 billion to fund SAA in coming years.
Gallo Images/Jacques Stander

The embattled South African Airways (SAA) is another step closer to resuming operations after it was granted a renewed operating licence by the South African Civil Aviation Authority. In addition, all management and specialist pilot appointments have been concluded.

But its new controlling shareholder has still not given any firm assurances that it has the R3 billion needed to run SAA over the next few years. 

Harith CEO Tshepo Mahloele said on Thursday morning that while it was still too early to give an update on funding, he was "pretty comfortable" in the group's ability to secure it. 

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