Government sale of South African Airways falls apart after 3 years of negotiations, can SAA survive on its own?

The government of South Africa has been negotiating a sale of a majority share of flag carrier South African Airways (SAA) for three years to Takatso Consortium has fallen through after both parties could not agree on the current valuation of the carrier.

Can the airline survive? The government estimates SAA can sustain itself financially for the next 12 to 18 months.

The government has also come to the conclusion that the flag carrier will no longer receive any bailout money. SAA will have to survive on its own or find a new merger partner.

SAA was on the verge of being liquidated in 2019 before it entered the South African form of bankruptcy protection.

Negotiations for the majority sale started in 2021.

South African Airways aircraft photo gallery:

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• Source: https://worldairlinenews.com/2024/03/19/government-sale-of-south-african-airways-falls-apart-after-3-years-of-negotiations-can-saa-survive-on-its-own/