https://www.engineeringnews.co.za

Flight Centre resumes sales of SAA tickets

14th February 2020

By: Bloomberg

  

Font size: - +

Flight Centre Travel Group, one of South Africa’s largest booking companies, said it will lift a moratorium on sales of the national airline’s tickets that it imposed in November because of concerns over its solvency.

Travel Insurance Consultants, Flight Centre’s preferred insurer, reinstated insolvency cover for South African Airways, enabling the retailer to resume ticket sales, Andrew Stark, its managing director for the Middle East and Africa said in an emailed statement on Friday.

The embattled airline was placed under a local form of bankruptcy protection in December in a bid to restore it to profitability and wean it off state bailouts. The nation’s labor court on Friday dismissed an application by unions to stop the administrators from cutting jobs after they announced that they will cut eight international routes and end all domestic flights aside from those between Cape Town and Johannesburg.

To watch Creamer Media's latest video reports, click here
 

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 1.22s - 141pq - 2rq
Subscribe Now