Business Insider reports that SAA is selling nine of its Airbus A340, A300, A600 aircraft, and 15 spare engines.
This comes amid a storm that erupted on Thursday over whether Treasury will raise R2 billion in time to operate the airline.
Business Day reported on Thursday if the R2 billion promised by the state to the airline in December is not available by January 19, there is a high possibility that the airline will be liquidated. However, the business rescuers deny it.
The SAA applied for voluntary business rescue on 5 December.
As part of the business rescue plan, the state has undertaken to guarantee a loan of R2 billion to the airline and to provide R2 billion to the airline itself.
Finance Minister Tito Mboweni said Thursday morning that the Treasury is working closely with business rescuers and SAA to negotiate a loan with banks.
Mboweni addressed businessmen and the media in Rosebank, Johannesburg, before leaving for the World Economic Forum’s annual summit in Davos, Switzerland. He did not want to give more information and just said that he expected a meeting between the business rescuers and bankers to go well. Mboweni did not answer the question of whether he plans to fly to Davos with SAA.
As for aircraft and engine sales, interested parties, according to Treasury’s eTender platform, have until January 30 to indicate their interest.