JOHANNESBURG, 30 JANUARY 2020 – On Tuesday 28th January, the SAA business rescue practitioners secured further post commencement funding (PCF) of R3.5 billion from the Development Bank of Southern Africa.
The purpose of the funding is to provide a bridge to facilitate the development and publication of the Business Rescue Plan by the Business Rescue Practitioners by the end of February for presentation to creditors shortly thereafter.
The conservation of cash through various cost reduction measures is critical to running an efficient airline and to create a platform on which a future for a restructured entity can be built.
The BRPs have been and will continue to review all third party contracts with the entity, with the intention to cancel any onerous contracts or renegotiate others into commercially accepted terms.
In addition, flight demand has been scrutinised to ensure SAA is running efficient flights. To this end, SAA will therefore cancel and consolidate selected scheduled flights where there is low demand based on current forward bookings for the month of February.
Recognising the importance of advance planning for our customers, it is thus important that we provide advance notice as possible to affected customers.
Philip Saunders, Chief Commercial Officer, noted, “We are committed to accommodating all affected customers on alternative flights, operated by the airline and its Star Alliance partners. Any inconvenience or delays are intended to be minimal.”
Travel agents, alliance partners and relevant stakeholders have been notified of these operational changes. SAA appreciates their on-going support in re-accommodating our passengers.
The below list of flights are affected:
Johannesburg (JNB) – Durban (DUR)
SA575 Depart 1900 Arrive 2005 Dates: 01, 05, 06, 08, 13 February
SA575 Depart 1830 Arrive 1935 Dates: 07 February
SA527 Depart 0630 Arrive 0735 Dates: 21 February
Durban (DUR) – Johannesburg (JNB)
SA528 Depart 0630 Arrive 0735 Dates: 02 , 06 , 07 , 09 , 14 , 21 February
SA580 Depart 2005 Arrive 2110 Dates: 07 February
Johannesburg (JNB) – Cape Town (CPT)
SA353 Depart 1600 Arrive 1805 Dates: 03 , 04 , 11 , 17 , 24 February
SA313 Depart 0850 Arrive 1055 Dates: 04 , 11 , 25 February
SA303 Depart 0530 Arrive 0735 Dates: 05 , 13 , 17 , 26 February
Cape Town (CPT) – Johannesburg (JNB)
SA366 Depart 1850 Arrive 2045 Dates: 03 , 04 , 11 , 17 , 24 February
SA326 Depart 1135 Arrive 1330 Dates: 04 , 11 , 25 February
SA316 Depart 0820 Arrive 1015 Dates: 05 , 13 , 17 , 26 February
Johannesburg (JNB) – East London (ELS)
SA477 Depart 1855 Arrive 2020 Dates: 05 , 06 , 12 , 19 , 26 February
East London (ELS) – Johannesburg (JNB)
SA472 Depart 0630 Arrive 0755 Dates: 06 , 07 , 13 , 20 , 27 February
Johannesburg (JNB) – Livingstone (LVI)
SA048 Depart 1040 Arrive 1220 Dates: 01 , 05 , 08 , 10 , 11 , 15 , 18 , 19 , 26 , 27 February
Livingstone (LVI) – Johannesburg (JNB)
SA049 Depart 1300 Arrive 1440 Dates: 01 , 05 , 08 , 10 , 11 , 15 , 18 , 19 , 26 , 27 February
Johannesburg (JNB) – Kinshasa (FIH)
SA050 Depart 1010 Arrive 1255 Dates: 03 February
Kinshasa (FIH) – Johannesburg (JNB)
SA051 Depart 1345 Arrive 1830 Dates: 03 February
Johannesburg (JNB) – Dar Es Salaam (DAR)
SA188 Depart 1335 Arrive 1755 Dates: 03 , 10 , 17 February
Dar Es Salaam (DAR) – Johannesburg (JNB)
SA189 Depart 0600 Arrive 0830 Dates: 04 , 11 , 18 February
Johannesburg (JNB) – Nairobi (NBO)
SA180 Depart 1530 Arrive 2030 Dates: 01 , 08 , 22 February
Nairobi (NBO) – Johannesburg (JNB)
SA181 Depart 0835 Arrive 1140 Dates: 02 , 09 , 23 February
Johannesburg (JNB) – Windhoek (WDH)
SA074 Depart 0950 Arrive 1145 Dates: 06 February
SA076 Depart 1430 Arrive 1625 Dates: 05 , 12 , 19 , 26 February
Windhoek (WDH) – Johannesburg (JNB)
SA075 Depart 1235 Arrive 1420 Dates: 06 February
SA077 Depart 1715 Arrive 1900 Dates: 05 , 12 , 19 , 26 February
Johannesburg (JNB) – Accra (ACC) – Washington (IAD)
SA209 Depart 1805 Arrive 2205/Depart 2320 Arrive 0600 Dates: 16 , 18 February
Washington (IAD) – Accra (ACC) – Johannesburg (JNB)
SA210 Depart 1740 Arrive 0835/Depart 0935 Arrive 1725 Dates: 17 , 19 February
ENDS
ISSUED BY SAA
Media to contact:
SAA Spokesperson
Mr Tlali Tlali
Email: TlaliTlali@flysaa.com
Office: +27 (0)11 978-2298
General Enquiries:
Website: www.flysaa.com
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