The South African government is committed to a viable, sustainable, profitable national airline.
In pursuance of this, various options are being explored. Over the past few days there has been intense discussions with lenders to secure the necessary funds to cover the operational and structural transition over the next few months.
South African Airways has been through difficult challenges over the years, and more particularly in past few weeks. The strike initiated by NUMSA and SACCA caused immense damage to the reputation, operations, and the deterioration of the finances of South African Airways.
South African Airways, therefore, cannot continue in its current form.
The airline group will now go through a radical restructuring process which will ensure its financial and operational sustainability. There is no other way forward.
We therefore reassure customers and encourage them to buy tickets with confidence.