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S.Africa's SAA ordered to conclude planes deal with Airbus

South African Airways has been instructed by the nation's new finance minister to conclude an aircraft-lease deal with Airbus after attempts by the troubled carrier to renegotiate the agreementSouth Africa’s newly re-appointed finance minister on Monday ordered state-owned airline SAA to conclude a deal with Airbus to lease five A330 wide-body planes, after weeks of turbulence at the troubled carrier. “The Minister of Finance, Pravin Gordhan, directed the board of South African Airways (SAA) to conclude the swap transaction with Airbus in line with approval granted in July 2015,” said a Treasury statement released late night on Monday. The minister’s directive thwarts attempts by the SAA chairwoman Dudu Myeni to renegotiate the deal – a move that would have hit the loss-making airline’s finances hard.

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