South African Flag Carrier, South African Airways, has taken a decision to terminate the services of BnP Capital as a financial services provider to the airline.

The effect of this decision means that SAA has terminated both its appointment of BnP Capital as Transaction Advisor and the appointment to source funds on behalf of the airline.

BnP Capital (Pty) Limited is an independent advisory and investments company. The firm provides advisory services including corporate finance, project finance, capital raising, due diligence, valuation and business modeling, transaction planning and management, business restructuring, private equity, project management, and private public partnerships.

It also provides accounting, tax, and capital debt market advisory services. The firm assists corporate clients, public clients and entrepreneurs to identify, analyse, structure, price, negotiate, market, and effect transactions.

BnP Capital (Pty) Limited is headquartered in Johannesburg, South Africa.

South African Airways (SAA) is a leading carrier in Africa, serving 74 destinations, in partnership with SA Express, SA Airlink and its low cost carrier, Mango.