South Africa’s Airline To Be Split Into 3 Units – CEO
South Africa’s struggling state-owned airline is to break into three business units as part of a restructuring plan, its Chief Executive Vuyani Jarana, said on Monday.
Jarana said in Johannesburg that the firm would be split into domestic, regional and international business units, each with their own management.
“We are evolving into an operating model of three business units,” Jarana told the media.
“We want to build a new SAA, fit for the future, place the right people in the right job,” he added.
The airline, which was given a 5 billion rand bailout in 2018 to shore up its balance sheet, has not made a profit since 2011.
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