South African Names New CEO, Posts Massive Net Loss
South African Airways (SAA) on Friday named Khaya Ngqula CEO, while parent company Transnet posted a $937.4 million net loss the fiscal year ended March 31, mainly because of hedging losses at SAA. The airline's net loss was a staggering $1.29 billion, but the company managed to post a $63 million...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
