South African Airways (SAA) is adding five more aircraft to its fleet this year, marking a significant recovery for the airline that emerged from business rescue only three years ago. This expansion is driven by increased creditworthiness and comes despite global supply chain constraints affecting the aviation industry. SAA has also announced new routes and increased frequencies to key destinations across Africa.
SAA has reported that it plans to add five more aircraft to its fleet this year as its financial recovery gains momentum.
The newly acquired planes, sourced from AerCap, an aircraft leasing company, indicates just how the airline’s restored creditworthiness with international aviation companies. This expansion comes despite the global aviation industry struggling with supply chain constraints that have delayed new aircraft deliveries and increased the cost and scarcity of second-hand planes.
“This is a remarkable achievement considering that just over three years ago, the airline emerged from business rescue with just six aircraft,” Lamola noted. “Since 2021, the team at SAA has worked strategically and consistently to grow the fleet and route network sustainably. These additional aircraft will enable SAA to continue fulfilling our promise to add seat capacity in both the domestic and regional market and thereby contribute to the affordability of passenger air travel.
DO YOU THINK SAA WILL FINALLY KEEP FINANCIALLY AFLOAT OR WILL THEY LAND THEMSELVES IN FINANCIAL WOES AGAIN?
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