16.3 C
Cape Town
Fri, Jun 11, 2021
HomeAviationEmirates: No plans to invest in SAA

Emirates: No plans to invest in SAA

-

2 min read

Emirates has denied reports claiming that it has plans to invest in South African Airways (SAA).

Reports by local South African media surfaced claiming that talks between Emirates and SAA about a possible partnership have been going on for some months.

However,in a statement, the Dubai-based carrier said while it will continue with its current codeshare partnership with SAA, and possibly enhance it in the future, it has no plans to invest in SAA.

“Emirates continues to focus on its organic growth and strategic codeshare partnerships where it makes sense for our business and customers.”

“We are committed to the South African market and have enjoyed close co-operation with South African Airways (SAA) since 1997, and we are working closely to further enhance our codeshare.

“However, we have no plans to invest or take any equity share in SAA or any other airline.”

Emirates airline says ‘no plans to invest’ in South African Airways
South African Airways CEO Vuyani Jarana has repeatedly said an aviation investor could be the answer to the financial crisis at the carrier

SAA Chief Executive Officer Vuyani Jarana has repeatedly said an aviation investor could be the answer to the financial crisis at SAA, which hasn’t made a profit since 2011 and received a government bailout last year to avoid a debt default.
Emirates airline has said it has no plans to invest in struggling South African Airways (SAA).

South African media reported that talks between Emirates and SAA about a possible partnership have been going on for some months, facilitated by the UAE’s embassy in Pretoria. It also said that Etihad Airways has also been holding separate negotiations with SAA.

The Dubai carrier said while it will continue with its current codeshare partnership with SAA, and possibly enhance it in the future, Emirates denied that it has plans to invest in SAA.

“Emirates continues to focus on its organic growth and strategic codeshare partnerships where it makes sense for our business and customers,” said an Emirates spokesperson to Arabian Business.

“We are committed to the South African market and have enjoyed close co-operation with South African Airways (SAA) since 1997, and we are working closely to further enhance our codeshare.

“However, we have no plans to invest or take any equity share in SAA or any other airline.”

Meanwhile, Etihad Airways also responded to the media report with a statement to Arabian Business saying, “Etihad Airways does not comment on rumour or speculation.

Jeanette Briedenhann
Jeanette Briedenhann
Jeanette Phillips joined the team in 2016. She developed a passion and love for all things-travel related in her role as travel journalist, a position she held for over seven years. A brief exodus into the corporate marketing sphere proved that there is no better industry than the travel industry. Research and writing are two of Jeanette’s greatest passions, but she is always open to new challenges and different ways of doing things.

Must Read