Ljubljana Airport maintains growth momentum

GLOBAL AVIATION NEWS

SAA sold

South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances. A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways (SAA), Public Enterprises Minister Pravin Gordhan said. The government will retain a minority stake. The grouping named Takatso will invest as much as 3.5 billion rand ($258 million) over the next three years, Lift co-founder, Gidon Novick, and Harith Chief Executive Officer, Tshepo Mahloele, said in an interview. “Government will have no further financial obligations to the company, outside of the existing liabilities that they will settle”, Novick said. He added, “Route networks we are still working on, and it will be a phased roll-out based on demand re-emerging post Covid”. The sale of SAA comes about six weeks after the airline emerged from lengthy bankruptcy proceedings, having reduced its workforce by almost 80% and cut liabilities to about 2.6 billion rand. The next challenge is to resume international flights, though South Africa remains cut off from much of the world due to pandemic travel restrictions. A longer-term goal is to list the carrier on a stock exchange, Gordhan said. In the meantime, the government will retain special voting rights to ensure the airline remains in the country, among other national priorities. The deal represents a triumph of sorts for Gordhan, who has argued for the revival of SAA with the help of private investors while others were calling for it to be liquidated. While SAA is now “solvent and liquid,” business-rescue practitioners said when handing over the aircraft, subsidiaries including low cost arm Mango and maintenance firm SAA Technical remain under financial strain and are in the process of being recapitalized. The Department of Public Enterprises and the new consortium will together assess the future of the divisions as part of the due diliegence process, Gordhan said.
Source: Bloomberg

Ljubljana Airport maintains growth momentum

NEWS FLASH

Ljubljana Jože Pučnik Airport has registered another month of strong passenger growth, with 146.257 travellers handled in May. The figure represents growth of 25.5% on last year. The number of aircraft movements stood at 3.175, up 11.3%. During the first five months of the year, the airport welcomed 566.851 passengers through its doors, an increase of 22.6%. The growth comes as Adria Airways continues its recovery, while foreign airlines maintain their solid figures. The number of aircraft movements this year stood at 13.035, up 9.7%.

Month	PAX	Change (%)
JAN	89.396	▲ 21.5
FEB	89.995	▲ 15.4
MAR	108.964	▲ 16.0
APR	132.239	▲ 31.5
MAY	146.257	▲ 25.5

Comments

Anonymous10:17
@this rate Ljubljana airport might hit 1.7 million pax this year. Great going Ljubljana.
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Anonymous10:55
What is the reason of such growth? Which airline and which destination is helping most to achieve such positive results?
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Anonymous11:46
Ljubljana should really be handling 2 million pax by now.

Hopefully they can hit 2.5 million by 2020.
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Anonymous14:23
wow
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Anonymous14:50
Ljubljana is slaying!
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idnas 15:33
We definatelly need new connections from LJU, for example to Barcelona, Valencia, Madrid... or to Rome
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Ljubljana Airport maintains growth momentum

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