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South African Airways (SAA) categorically stated that it has not yet had discussions with a foreign airline in order to sell a stake in the state-owned company.
A report published this weekend in the City Press newspaper of the United Arab Emirates' ambbadador to South Africa, Mahash al-Hameli, claiming that his government was planning to invest in SA's state-owned companies. , especially in the SAA, who said he was looking for an investor. The UAE has two state-owned airlines: Emirates and Etihad
In a statement issued Monday, SAA said that it had recently met with airlines with which it had airline agreements. code sharing, as well as potential business partners. "SAA met with Emirates, Turkish Airlines, Qatar Airways, Kenya Airways, Air Mauritius, United Airlines and Singapore Airlines. These discussions have focused solely on trade agreements such as line spacing, code sharing, freight, as well as on the possibilities of these airlines to take over some of our flight crew and the l & # 39; excess flight crew. SAA chief Vuyani Jarana said in early July that the airline was in an urgent attempt to find a buyer for a stake in the company, in order to manage its liquidity.
In a statement released on Monday, Emirates also confirmed that it had no discussions with SAA.
In 2015, an agreement to buy R2bn between Emirates and SAA was sabotaged at the time by the president of SAA. Dudu Myeni, intervened in the transaction, ordered Nico Bezuidenhout, then acting CEO, to return immediately from Paris and not to sign the agreement.
SAA must raise 21.7 billion rand over the next three years pro according to the airline's recovery plan. This amount would be a mixture of equity – from the government or from a new investor – and debt.
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