23/02/2016

South Africa - SA Express seeks funds for fleet upgrade

The state-owned airline South African Express, which recently received a multimillion-rand bailout, is planning to approach the South African government for funding to acquire new aircraft in order to replace its ageing fleet.

South African Express operates 24 routes domestically and in sub-Saharan Africa. The company intends to replace its fleet of 20 aircraft over the next 10 years.

The airline has many hurdles to overcome in order to successfully upgrade its fleet. First, as with other airlines, it has been challenged by increased competition, rising operating costs, reduced passenger demand and lower profits. The depreciation of the rand had also put pressure on profits.

 

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