South Africa’s struggling state-owned airline is to break into three business units as part of a restructuring plan, its Chief Executive Vuyani Jarana, said on Monday.
Jarana said in Johannesburg that the firm would be split into domestic, regional and international business units, each with their own management.
The airline, which was given a 5 billion rand bailout last year to shore up its balance sheet, has not made a profit since 2011.
(Reuters/NAN)
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
DOWNLOAD THE PREMIUM TIMES MOBILE APP
Now available on
TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information
All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.
