Friday 26 June 2015

Politics could scuttle Emirates tie-up with South Africa Airways | The National

Politics could scuttle Emirates tie-up with South Africa Airways | The National:



"The political climate in South Africa has hindered a deal between its loss-making national carrier and Emirates that could create a partnership similar to the successful tie-up that the Dubai-based airline has with Australia’s Qantas, aviation analysts said.



Earlier this week, news reports in South Africa said a 2 billion rand (Dh607.6 million) deal to save South African Airways (SAA) from possible bankruptcy fell through after a meeting between the two airlines in Paris.



The financially ailing SAA underwent a 90-day action plan this year to turn its operations around after the South African government bailed out the airline twice and injected 10bn rand in the process. The SAA chief executive Nico Bezuidenhout has set a target to increase revenue from Africa by 30 per cent in the next 12 to 18 months."



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