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  • Chidozie Uzoezie

Nico Resignation: SAA Clarifies Media Statement


"South African Airways (SAA) wishes to clarify a previous media statement following the resignation of Mr Nico Bezuidenhout, the chief executive of Mango Airlines.


The clarification relates to a paragraph in the said media statement on SAA sub-leasing 10 aircraft, at a significantly discounted cost to Mango Airlines, while continuing to pay the market related premium to the lessor.


SAA did sublease a number of aircraft to Mango from time to time over different periods between 2006 and 2016. SAA acquired 10 new A320 aircraft during FY2015, while Mango increased its capacity by acquiring some of the aircraft that exited the SAA’s fleet in FY2015.


The value of the sub leases to Mango fully recovered SAA’s aircraft lease cost for FY2015 over the balance of the lease period.


Owing to a recent unrelated consideration of this very issue, the SAA Board is confident in its assertion regarding the cost of aircraft sub-leases.


During March 2016, the SAA Board, with the assistance of external advisors, analysed these lease agreements with Mango and satisfied itself that all such agreements had been concluded on a full cost recovery basis. These aircraft were accordingly not leased at a discount. SAA cannot comment on the recent arbitration between SAA and South African Airways Pilots Association (SAAPA) which is private."

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Comments (25)

Guest
Sep 21, 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

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Guest
Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

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kasarokcaesar
Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

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Guest
Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

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Guest
Nov 18, 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

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Guest
Dec 04, 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


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Guest
Dec 15, 2022

WoW. Amazing Review. 👍

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Guest
Jan 07, 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

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Guest
Aug 07, 2023
Replying to

Where is here.

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Guest
Jan 27, 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

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Guest
Feb 27, 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


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