South African Airways (SAA) has renegotiated lease re-extensions on three Airbus A340s and is working on similar deals for another five, which are expected to cut R262 million ($22.5 million) in annual costs. The deal on the first three aircraft is already delivering a positive impact of R112 million annually and the agreement on the other five is expected to yield additional savings in excess of R150 million later this year. SAA is now 60 days in to its 90-Day Action Plan, which aims to ...

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