December 28, 2014 1:28 PM ET

Airlines

Company Overview of South African Airways SOC Limited

Company Overview

South African Airways SOC Limited provides scheduled air services for the transportation of passengers, freight, and mail. The company transports various goods, including perishables, livestock, automobiles, and dangerous goods. It also provides line maintenance and heavy maintenance services to domestic, regional, and international airlines; catering and in-flight services to airlines; and retail travel agency services for corporate and leisure customers. South African Airways SOC Limited has a strategic partnership with Etihad Airways. As of March 26, 2014, the company operated to 40 destinations worldwide; and offered approximately 21,900 daily flights to 1,328 airports in 195 countries. ...

Airways Park

Jones Road

OR Tambo International Airport

Kempton Park,  1619

South Africa

11,462 Employees

Key Executives for South African Airways SOC Limited

Chief Executive Officer
Chief Financial Officer and Executive Director
General Manager of Operations
Executive Director and Chief Executive Officer of Mango Airlines SOC Limited
Chief Executive Officer of Air Chefs SOC Limited
Compensation as of Fiscal Year 2014.

South African Airways SOC Limited Key Developments

Etihad and South African Airways Expand Strategic Partnership

Etihad Airways and South African Airways, or SAA, have expanded their strategic partnership. As part of the extended cooperation, South African Airways will launch a daily service between Johannesburg and Abu Dhabi, effective March 29, 2015. The new daily service will complement Etihad Airways' existing flights between the two cities to offer a combined double-daily frequency on the route. As a result, business and leisure travellers will benefit from the convenience of multiple options between Johannesburg and Abu Dhabi within the same day. More than 1,000 connections will also be offered each week over Etihad Airways' Abu Dhabi hub to key markets including the GCC region, Middle East, Indian subcontinent, and North and South East Asia. The airlines have also significantly developed their codeshare agreement to include a total of 49 routes, more than double the previous number. Subject to regulatory approval, Etihad Airways will place its 'EY' code on South African Airways' new Johannesburg-Abu Dhabi flights, in addition to 16 of the airline's other services from Johannesburg to key destinations across the African continent. In return, South African Airways will place its 'SA' code on 32 Etihad Airways routes beyond Abu Dhabi to a range of destinations worldwide. In addition, the airlines will enhance the alignment of their Etihad Guest and Voyager frequent flyer programs, with even more opportunities for members to earn and redeem miles. Benefits such as priority baggage handling, boarding and check-in, and airport lounge access across the airlines' networks will be provided based on membership tiers. Etihad Airways and South African Airways continue to explore areas for further cooperation, including joint sales and marketing programs and the coordination of procurement, facilities and airport operations. Together, these initiatives will optimise synergies between the airlines and provide guests with consistently high product and service levels at the most competitive price.

Government May Sell Non-Essential Assets

The government has the option of selling part of Transnet SOC Limited, Denel SOC Limited, South African Forestry Company Limited, Alexkor SOC Limited and South African Airways SOC Limited.

Government May Divest Stake In South African Airways

The government of South Africa is planning to privatize South African Airways SOC Limited. A stake in South African Airways may be one of the first on the block, with Etihad Airways P.J.S.C. given the option of buying a minority interest. According to Zizi Kodwa, party spokesman of African National Congress (ANC), the sale of a minority stake in South African Airways to Etihad would not constitute a big policy shift by the ANC. Zizi said, "When you implement policies, you can't be dogmatic. They must be informed by the conditions that exist at a particular time. There is nothing wrong if you take partners from outside to come and build capacity." Congress of South African Trade Unions (Cosatu) said that the government is moving in the wrong direction. Patrick Craven, spokesman for Cosatu said, "We haven't discussed the South African Airways issue specifically, but we will oppose any privatisation moves. It certainly needs to be more efficiently run, but we reject the argument that that can only happen if there is privatisation."

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