SAA initiates process to sell nine Airbus
South African Airways (SAA) have initiated processes to sell nine of its Airbus aircraft, according to a tender document, which seeks proposals from interested buyers. Reuters reported on Thursday that the Airline, which was placed in a form of bankruptcy protection late last year, is selling the Airbus A340-300s and A340-600s as well as 15 spare engines. Was not expecting this!Sad times over at South African Airways, nine Airbus A340 including spare parts up for sale as the airline struggles to keep afloat.Another airline struggling as we start 2020. ❤🇿🇦 https://t.co/qK68aUSxNC— Mo Firaas (@raisinganchor) January 17, 2020 This development is happening even as government is scrambling to secure extra funding in a last attempt to rescue the national carrier and around 10,000 related jobs. Tito Mboweni, the country’s finance minister, informed business leaders in Johannesburg ahead of the World Economic Forum […]