South African denies asset sale, eyes profit in 2021

South African Airways (SA, Johannesburg O.R. Tambo) said in a statement that it had not yet taken a decision to sell any of its assets, despite previous media reports which relayed such information. The carrier underlined that its turnaround was progressing and it would not file for bankruptcy, although profitability would only be possible in 2021.

“At a recently held Board strategy session on 11-12 September 2018, the executive management presented to the Board a comprehensive strategy update reflecting on the present-day strategy execution achievements and challenges as well as the road map and options for the outlook of the business. No decisions have been taken to dispose of any SAA entities or assets at this stage. Options were merely…

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