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 ...

Subscribe to Access this Entire Article

"South African Airways re-negotiates leases on eight A340s" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.