National carrier South African Airways (SAA) does not expect to reach break-even point for another five years. “We remain committed to ensuring that the airline becomes financially self-reliant and the arrival of these aircraft mark a stepping stone in our move in that direction,” assured SAA acting CEO Musa Zwane. “Our projections indicate that we will break even by year 2021 before we start becoming profitable again.” Zwane issued his statement on Friday, to mark the arrival of SAA’s first new Airbus A330-300 wide-body airliner, at the company’s base at OR Tambo International Airport, in Kempton Park, east of Johannesburg, on Friday. The airline has ordered five of these airliners, to increase efficiency and widen its route network.
Source: www.engineeringnews.co.za
SAA still years from break-even
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