Private sector funders and partners are showing a keen interest in a new South African Airways, according to the department of public enterprises.The government has received more unsolicited expressions of interest from private sector funders, private equity investors and partners for a future restructured SAA and its subsidiaries.
He said as the sole shareholder on behalf of government, the department had been assessing interest shown by potential strategic equity partners as part of the implementation of the business rescue plan, published at the end of June. “Such partnerships will also improve scale and scope and ensure continuity of value creation to the South African economy and long-term sustainability of the aviation industry managed by competent, competitive and skilled personnel who possess strategic and technical capabilities which are critical to the success of the new carrier.
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