SAA has announced plans to expand its international route network with flights to Europe, North America and East Asia in the next calendar year.
According to Bloomberg, the flights will reportedly be to Germany, China, the East Coast of the US, in addition to London by December 2025.
The airline currently operates 16 aircraft and will take delivery of an additional seven during 2025.
Economic impact
A study conducted by Oxford Economics Africa reveals that SAA’s survival is crucial to the local economy.
The study shows that SAA contributed R9.1 billion to the country’s GDP for the 2023/24 financial year and that it is expected to more than triple over the next five years to R32.6bn by 2029/30.
The study also shows that the SAA Group’s operations will support 86 700 jobs by 2029/30, up from 25 000 jobs in 2023/24.
Furthermore, the Group’s operations stimulated fiscal revenues (tax) of R1.1bn in 2023/24, a figure that is projected to rise to R4.4bn in 2029/30.
The report estimates the Group’s tourism impact at R1.7bn in 2023/24, rising to R8.9bn in 2029/30.
The study examined the SAA Group’s core economic contribution by analysing the impact of direct activity generated by SAA on tourism and South Africa’s international trade, the indirect activity stimulated by its procurement spending, and the induced impact that the wages of its workers and those in its supply chain support in the consumer economy.
SAA Interim CEO, Professor John Lamola, said: “The Oxford Economics Report affirms that the State’s contribution as the sole shareholder in SAA has not been without a tangible return on investment. In turn, the study ventures into a forecast of future impacts as derived from SAA’s growth and expansion plans. It serves as an independent validation of SAA’s current five-year Corporate Plan.”
Source: Travel News.
