- South African Airways relaunched operations with a flight from Johannesburg to Cape Town after a year of inactivity.
- Though not involved in the relaunch, the airline has likely secured a new investor, Takatso Consortium.
- SAA said it's optimistic about its revival, but it's not without its skeptics.
South African Airways was on the brink of disappearance after years of financial struggles, but it may have received a lifeline.
On Thursday, the carrier relaunched operations on a flight from Johannesburg to Cape Town using money it received from the South African government. After getting in millions from the state, the long-suffering carrier was denied further funding last year, and, as FlightGlobal reported, business rescuers entrusted with the difficult task of rescuing the 87-year-old airline had given it two options: liquidation or a wind-down and sale process.
However, SAA has likely secured a private investor, Takatso Consortium, in June 2021, which agreed to funnel up to $243 million into the crippled airline over the next three years. Takatso Consortium CEO Gidon Novick said the relaunch is independent of the negotiations between the consortium and the carrier.
Take a look at South African Airways' collapse and rebirth.