US con­sul­tancy is new ad­viser

The Star Early Edition - - BUSINESS NEWS -

SAA AP­POINTED US avi­a­tion con­sul­tancy Se­abury Group to ad­vise on how to in­crease rev­enue and com­pile a long-term busi­ness plan for the un­prof­itable sta­te­owned car­rier. Se­abury started work on Mon­day and will re­port to act­ing chief ex­ec­u­tive Musa Zwane, SAA spokesman Tlali Tlali said yes­ter­day. The New York­based con­sul­tancy’s rec­om­men­da­tions will be pre­sented to the board for con­sid­er­a­tion and for man­age­ment’s im­ple­men­ta­tion once ap­proved, he said. SAA awarded the con­tract to Se­abury after the gov­ern­ment hired Bos­ton-based Bain & Com­pany to ad­vise on strat­egy and cor­po­rate struc­ture of the coun­try’s three loss-mak­ing state-run air­lines: SAA, SA Ex­press and Mango Air­lines. That con­tract was awarded in Oc­to­ber for a three-month period, a spokesman for the Trea­sury said last year. Both SAA and SA Ex­press are sur­viv­ing on state debt guar­an­tees. The cab­i­net ap­proved a new board on Au­gust 31 to over­haul man­age­ment of SAA, which hasn’t made an an­nual profit since 2011. SAA said it had pre­sented a cor­po­rate plan to the gov­ern­ment that in­di­cated a re­turn to profit in 2021.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.