UPDATE: SAA clarifies alleged split

File: SAA flights for Friday and Saturday have been cancelled.

File: SAA flights for Friday and Saturday have been cancelled.

eNCA

JOHANNESBURG - South African Airways say it will not split into three business units rather it will look at its operating model.

In a statement SAA spokesperson Tlali Tlali said the CEO was talking about the operating model of SAA and not about the structure of the business.

"We are not looking at a situation of breaking up the airline. SAA as an airline remains, but the manner in which it conducts business will be aimed at bringing in more business and create accountability in terms of operations."

READ: SAA gets another bailout

SAA has not recorded any profit since 2011 and was given a R5-billion bailout last year to shore up its balance sheet.

READ: Selling SAA not an option, says Ramaphosa

Finance Minister Tito Mboweni is expected to announce some form of financial assistance for the airline when he delivers his budget speech on Wednesday.

Source
eNCA