Brač Airport to complete expansion by 2021

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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

Brač Airport to complete expansion by 2021

NEWS FLASH

Brač Airport plans to expand its terminal and taxiways, as well as further lengthen its runway within two years. "In 2019, our plan is to maintain similar passenger numbers to last year's - around 31.000 travellers. We will focus the rest of our energy on expanding the runway and terminal. This year we plan to obtain all necessary permits with work to begin in late 2020. The new airport will be in operation in May 2021", General Manager Tonči Peović said. The island airport intends on extending the runway from the current 1.760 metres to 2.400 metres, and widening it from thirty metres to 45 metres. It has also outlined plans to expand its terminal building in order for the airport to handle three aircraft such as the Boeing 737-800 or the Airbus A320 at the same time.

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Anonymous19:28
BWK has definitely grabbed the attention of many regional, European airlines and is now positioning itself in a higher place compared to other airports struggling to secure even 1 passenger per day.
Croatia is doing extremely well when it comes to airports. Bravo, HR!
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Anonymous20:57
Very interesting.

Seems to be the final stage of their development plan. So far they really followed through with all previous steps.

Although I think that 2100m runway would be sufficient for all European A320/B738 ops.
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Unknown02:58
Great job and staff @ BWK
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Brač Airport to complete expansion by 2021

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