Expression of interest for new and restructured SAA
23 June 2020
The South African government, during this period of business rescue for South African Airways (SAA), has received unsolicited proposals from private sector funders, private equity investors and potential airline partners for a new national airline that must emerge from the SAA business rescue process.
Government is intent on pursuing credible proposals for investment and strategic partnerships with the private sector, as well as equity participation for employees. Such partners will also introduce technical, financial, and operational expertise.
As the Shareholder on behalf of government, the Department of Public Enterprises (DPE), will engage interested parties constructively in pursuit of government’s national developmental and strategic agenda to rebuild our economy in a post-COVID-19 era.
Government has expressed its intent and commitment to fundamentally restructure and transform SAA into a viable, sustainable and competitive national carrier. The broader aviation industry and the passenger air transport sector specifically, is essential for servicing and growing economic sectors, including tourism, business connectivity and cargo carriage.