The recently appointed interim CEO Thomas Kgokolo said the airline was insolvent. Kgokolo and the airline’s board briefed Parliament’s standing committee on appropriations of the funding the carrier and its subsidiaries desperately need. South Africa’s national airline had its wings clipped and was grounded last year March last. It hasn’t flown as it was under business rescue. Kgokolo told MPs should things go according to plan, without any disruptions from pilots and the COVID-19 pandemic, the airline would be back in the sky soon.
South African Airways could take to the skies by as early as July, according to the airline’s management.