Belgrade Airport to host night-time runway race

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

Belgrade Airport to host night-time runway race

NEWS FLASH

Belgrade Nikola Tesla Airport will hold its second annual night-time runway race on June 1, following last year's success. The BEG RunwayRun will start at 01.00 local time with up to 1.000 participants to take part. Registration for the race will open on April 15 and last until May 15, although applications will be closed if the 1.000 limit is reached beforehand. The competitive event is open to both locals and foreigners. All participants will be subject to security checks. The race will include a total of three laps streching over five kilometres, with both the runway and parallel taxiway to be used. The General Manager of VINCI Airports Serbia, Nicholas Brus, said, "This is very important for VINCI Airports Serbia as a responsible company to show its commitment to the local community. We hope to make this race an annual and traditional event".

Comments

Anonymous16:25
Is W6 the sponser of this event ¿

Otherwise it seems it was fun last year

https://www.youtube.com/watch?v=kVwYYbRJoUM
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JU520 BEGLAX22:18
If we manage to registrate, we will be there
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Anonymous08:48
Seems fun. What happens in these cases if there is an emergency landing?
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Belgrade Airport to host night-time runway race

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