Sarajevo Airport registers busiest month on record

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

Sarajevo Airport registers busiest month on record

NEWS FLASH

July was Sarajevo Airport's busiest month on record with 180.929 passengers handled. The figure represents an increase of 13.4%. The number of aircraft movements grew 11.4% to 1.752. During July, FlyBosnia introduced flights from Sarajevo to Manama and commenced charter services to Tunisia, following on from its new route launches to Riyadh, Jeddah, Kuwait City and Gassim in June. During the January - July period, Bosnia and Herzegovina's busiest airport welcomed 638.663 travellers through its doors, up 8.3%. Aircraft movements grew 2.9% to 7.959. In a statement, the airport said its figures should continue to grow in the coming period.

Month	PAX	Change (%)
JAN	53.485	▼ 1.2
FEB	53.130	▲ 8.5
MAR	67.893	▲ 2.8
APR	89.843	▲ 3.3
MAY	74.178	▼ 8.5
JUN	119.205	▲ 28.2
JUL	180.929	▲ 13.4

Comments

Anonymous10:48
Bravo Sarajevo!
ReplyDelete
Replies
Anonymous12:20
Very well!
ReplyDelete
Replies
Anonymous12:20
I've watched this (https://www.youtube.com/watch?v=v4gjaRaAFrc) TV show where director of Sarajevo Airport was one of the guests. The guy didn't say anything smart or special. It was hard to understand what he is trying to say (same as politicians usually). Their taxes are quite high: for departure passenger it's 31eur (18 to airport, 10 to government and 3 for something else).

Anyway, it's great to see increase but lets be honest, Sarajevo has much bigger potential and it's the fault of the government and management because they have poor results.
ReplyDelete
Replies
Zoran13:15
Samo naprijed!
ReplyDelete
Replies

Add comment

Search This Site

Sarajevo Airport registers busiest month on record

Comments

Post a Comment