SAA has ambitious expansion plans - can it afford this?

Ray White asks SA Flyer Magazine's Guy Leitch whether the plan sounds realistic for an airline that has battled for so long.

South African Airways is set to increase its number of destinations, and boost its number of aircraft.

Lamola described SAA as being in a rebuilding phase following the COVID pandemic, with the aim of remodelling it into being a 'sizeable airline' that will fulfill the strategic transport needs of South Africa. "We are fortunate in that we have able to have a positive EBITDA, we are cash positive as a company, we are able in the coming 12-18 months to survive on our own."Ray White interviews Guy Leitch, editor of SA Flyer Magazine, and asks him whether this plan sounds realistic for an airline that has battled for so long.Leitch says he doesn't in fact expect SAA to get new planes unless they get a new strategic equity partner.

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