Corporate Affairs

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    Spitfire restoration project secures high-performance sponsor

    The South African Air Force (SAAF) Museum Spitfire Restoration Project is set to take a major step forward, thanks to the announcement of a very significant sponsorship agreement between the Friends of the SAAF Museum association and local automotive company Performance Centre. “The Performance Centre approached us,” says Spitfire restoration Project Manager Ian Grace. In a project dubbed “Warriors of the Sky” the local company has been granted a licence by RTR Vehicles USA to build ten RTR Spec 5 versions of the supercharged 5.0 litre V8 Ford Mustang car.

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    Spitfire restoration project secures high-performance sponsor

    The South African Air Force (SAAF) Museum Spitfire Restoration Project is set to take a major step forward, thanks to the announcement of a very significant sponsorship agreement between the Friends of the SAAF Museum association and local automotive company Performance Centre. “The Performance Centre approached us,” says Spitfire restoration Project Manager Ian Grace. In a project dubbed “Warriors of the Sky” the local company has been granted a licence by RTR Vehicles USA to build ten RTR Spec 5 versions of the supercharged 5.0 litre V8 Ford Mustang car.

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    Global airline sector to increase its profits next year, but African airlines to continue losses

    The International Air Transport Association (Iata) has forecast that the world airline industry will achieve its eleventh consecutive year of profit next year. The industry’s 2020 profit is predicted to come to $29.3-billion, up from the $25.9-billion expected for this year (this latter figure being a downgrade from the $28-billion estimated in Iata’s June forecast). However, the African region is expected to make a loss next year of $200-million, which is similar to the loss they made this year. The Middle East region will also register a loss, for the third year in succession.

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    Global airline sector to increase its profits next year, but African airlines to continue losses

    The International Air Transport Association (Iata) has forecast that the world airline industry will achieve its eleventh consecutive year of profit next year. The industry’s 2020 profit is predicted to come to $29.3-billion, up from the $25.9-billion expected for this year (this latter figure being a downgrade from the $28-billion estimated in Iata’s June forecast). However, the African region is expected to make a loss next year of $200-million, which is similar to the loss they made this year. The Middle East region will also register a loss, for the third year in succession.

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    Business rescue practitioner for SAA announced

    The Companies and Intellectual Property Commission (CIPC) has appointed a business rescue practitioner for State-owned South African Airways (SAA), the airline announced on Friday. He is Les Matuson from Matuson Associates. “The company is officially in business rescue,” stated SAA in its press release.

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    Business rescue practitioner for SAA announced

    The Companies and Intellectual Property Commission (CIPC) has appointed a business rescue practitioner for State-owned South African Airways (SAA), the airline announced on Friday. He is Les Matuson from Matuson Associates. “The company is officially in business rescue,” stated SAA in its press release.

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    Business rescue practitioner for SAA announced

    The Companies and Intellectual Property Commission (CIPC) has appointed a business rescue practitioner for State-owned South African Airways (SAA), the airline announced on Friday. He is Les Matuson from Matuson Associates. “The company is officially in business rescue,” stated SAA in its press release.

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    Regulatory, financing snags curbing SA aviation

    The past few weeks have seen a series of important conferences in South Africa, as far as the aerospace and defence sectors are concerned. And the aerospace and defence sectors are a significant part of the country’s high-technology manufacturing industry. They were the 2019 Aeronautical Society of South Africa Conference, the South African National Space Agency’s Second Space for National Development Conference and the 2019 Aerospace, Maritime and Defence Conference. I had the great pleasure of attending all three.

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    Trade union outlines business-rescue case for SAA

    Trade union Solidarity has served court papers on embattled State-owned airline South African Airways (SAA) and on the Ministers of Finance and Public Enterprises. The union has asked the court to put SAA into business rescue. If granted, it would mean…

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    Trade union outlines business-rescue case for SAA

    Trade union Solidarity has served court papers on embattled State-owned airline South African Airways (SAA) and on the Ministers of Finance and Public Enterprises. The union has asked the court to put SAA into business rescue. If granted, it would mean…

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