PRETORIA, Dec 15 (NNN-SANEWS) — The Department of Public Enterprises (DPE) has announced an interim six-member South African Airways (SAA) board as the airline prepares to relaunch in 2021.
In a statement, the department said Geoff Qhena will chair the board. The six are expected to restore proper governance and oversight of the airline during the implementation of a business rescue plan.
“As a shareholder on behalf of the government, the DPE is delighted that these experienced professionals have agreed to join the board of SAA. Their combination of academic, financial, legal and aviation experience, with deep knowledge of global aviation and transportation trends, will bring a new perspective as the national carrier prepares to relaunch next year.”
The appointments, it said also enhances the independence and balance of the board, whilst continuing the process of transformation and renewal.
Qhena is a qualified Chartered Account and a seasoned finance executive. He is a former Chief Executive Officer of the Industrial Development Corporation, where he was at the helm for 13 years.
In charting the way forward, the DPE said it believes that the key to solving the difficulties facing SAA is the finalisation and implementation of the business rescue process, followed by the start of a restructured airline; appointment of a leadership team; and securing a credible strategic equity partner who can introduce the required technical, financial, and operational expertise into the business.
“The new airline will be run in a professional and sustainable manner to support key economic sectors – including tourism, trade with the continent, the local aeronautics industries and local service providers,” said the department. — NNN-SANEWS
