By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: South African Airways Puts A340s Up for Sale
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > South African Airways Puts A340s Up for Sale

South African Airways Puts A340s Up for Sale

Travel Radar
Last updated: 26 January 2020 20:10
By Travel Radar Staff 2 Min Read
Share
SHARE

We have reported previously on the many and various difficulties experienced by South African Airways in the last few months. The state-owned carrier has been haemorrhaging massive amounts of money for many years and has been bedevilled by a bloated workforce, rampant corruption and incompetent management. It had only been kept aloft by a series of huge cash injections by the South African government.

SAA A340-300 ©Bahnfriend via Wikimedia

Late last year, the airline suffered a debilitating strike and added to its massive debts, was close to closure. Various possible solutions were considered, ranging from yet further bailouts to allowing the operator to nose-dive into bankruptcy. Ultimately, SAA was based in ‘business rescue’ with the apparent intention of turning its fortunes around, but more likely giving it protection from its creditors.

Urgent meetings have been held between the business rescue practitioners and creditors, the essence of which has no doubt been that recouping some of the debt is better than none.

In the latest move, SAA has put up for sale most of its fleet of thirsty A340s; four out of nine of the -600 variant and five out of seven -300s. The deal includes 15 spare engines and four APUs. The -600s are 16 years old and the -300s range from 14 to 22 years old. The A340s are used almost exclusively from Johannesburg to New York, Perth, Frankfurt, Munich and Hong Kong and a -300 on the domestic Cape Town route. All bar one of the aircraft are in current use but presumably some of the routes including New York will be operated by the four newly acquired (and much more efficient) A350s.

SAA A340-600 at JNB ©andy mitchell via flickr

Bids for the purchase of the aircraft close at the end of January. Some reports have estimated the sale to realise $2,6 billion but this seems wildly optimistic, given the characteristics of the aircraft.

You Might Also Like

Why You Should Visit Japan This Winter

Turkish Airlines set to make an Investvestment in Air Europa

Mexicana Takes Delivery of First Embraer E195-E2 Jet

Qatar Airways Resumes Flights to Iraq, Syria, Lebanon and Jordan

Singapore Airlines’ Financial Performance Results in Profit at End of Year 2024-25

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Travel Radar
By Travel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article Delta Dumps Fuel Over LA Schools
Next Article Airbus Demonstrates Automatic Take Off
2 Comments
Subscribe
Login
Notify of
guest
guest
2 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

inside aircraft
Assistance and protection for vulnerable travellers : Proposal to reinforce EU passenger rights
Aviation Travel
Colourful houses at sunset in the capital of Greenland, Nuuk. Mountain in the background and houses are at the right edge of the photo.
SAS reconnects with Greenland in new flight route
Airlines Aviation Route Development Travel
Under Secretary for Home and Youth Affairs of the Hong Kong SAR Government Clarence Leung (fourth from left), Cathay Chief Customer and Commercial Officer Lavinia Lau (third from left), HKYAA Chairman Captain Patrick Lau (third from right), Chief Flight Standards of the Civil, Aviation Department Captain Lawrence Wong (second from left), and HKYAA Honorary Advisor Albert Wong (second from right) kicked off the launch event with paper plane flying activity
Cathay and HKYAA Launch New AeroQuiz and Cathay Inter-school Aviation Challenge Cup
Airlines Airshow & Events
Indian Prime Minister Narendra Modi at the Air India crash site
India denies UN assistance following the 787 crash
Aircraft Aviation Incidents & Accidents
Boeing 787's cockpit
UK government evaluating the Boeing-Spirit Deal
Airline Economics Airlines Aviation
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?