SAX sinking? (And maybe Mango too)?
 

Are the rumors true?? Are these companies busy folding: pilots being retrenched?? :sad:

I say: It is pretty difficult, but not hopeless...

SAA, the ultimate owner of both, is kept on life support by infinite amounts of government - sorry - taxpayers' - money, so I think it unlikely that either Mango or Sax will be allowed to fail, particularly since they seem to run on more businesslike lines than SAA which is the ANC's private taxi service to ferry the club members and pals between JNB and its dwindling number of international destinations.

I would be very sorry indeed to see Mango go. I've used them a lot and hope to continue to do so.

SAA has no shares in SAX, so cannot in any way shape or form be seen as "the ultimate owner of both."

I think you'll find that SAX is owned by SAA which is owned by the 'government' or the ANC.

I think we have a classical misunderstanding here:

This is obviously about FlySAX, the former East African Safari Air / Express; it is owned by the Fly540s mother company Lonrho Ltd. Fly540 is also owned by Fastjet (49%).

Mango is the LCC from SAA, South African Airways, which belongs to the state.

There is also an airline in ZA called SA Express, often referred to as SAX. I incorrectly assumed, as Mango is also a ZA airline, that the title referred to SA Express of South Africa.

Capetonian.

SAX is not owned by SAA. Mango is owned by SAA. SAX is a seperate SOE owned by the government (SAA's sister company in other words).

In practical terms, the same.

I initially wanted to know how you came to that conclusion, but I realised I really don't care.

For everyone else, SAX and SAA are completely separate limited companies, each with their own boards. They operate in alliance, but due to competition legislation, the idea which Capetonian presents as reality, is neither legal nor practical.

You're presumably talking about SA Express, not FlySAX, the former East African Safari Air / Express?

Check the shareholding, but then if you don't care ......... why bother?

Since when did the ANC care about legality? Are you aware of the gemors going on with the board of SAA?

Sometimes you should take your own advice.

I knew that. What difference does it make?

La différence est peut-être vous devriez juste aller attraper des poissons.

You lost me there. Something to do with catching fish?

Down sizing at SA Express is an inevitability rather than a possibility. After a decade of living on hand-outs funded by the tax payer including single mothers and everyone else trying to scratch a living together finally commercial reality is set to make its premier at this circus. I just hope it happens before your collapsing standard result in someone getting hurt.


I feel nothing for any of you.


I hope that fat pig that runs the place goes to jail for the gross financial mismanagement that continues there to this day.


Escom and load shedding, the collapse of the post office, SAA, SA Expess, Denel, Transnet, SABC, etc etc all filled lazy, greedy dishonest people trying to think of new ways to justify why their work day should be subsidised. The state owned 'enterprises' have brought this country to its knees. The squillions lost has resulted in runaway debt and a falling currency.


The pain of reality is going to be brutal. I can't wait.

They are, literally, following the 'example' set by their leader. A fish rots from the head downwards. Zuma is probably the most corrupt leader of any country that has a significant economy, and he is rapidly reducing it to basket case status.

In the old days in Rhodesia we used to say' look across the river' meaning look across the Limpopo to South Africa who supported the Rhodesians. Now, in ZA, we can look northwards across that same river to see a country, once the finest in Africa and the breadbasket of Africa, turned to **** by a despotic lunatic. It may well presage where ZA is going.

Tis very sad as you have a beautiful country. My wife and I travelled around many years ago and the hospitality was great.
I do see that aviation is slowly closing up; Fugro, now CGG at Lanseria is finishing up as also others I do not know about.

+1 Another sad day in Africa

SAX
 

Couldn't agree more with FuzzyLager - the CEO should rot in jail, he has been found guilty for procurement fraud by an independent forensic investigation years ago, but has top down cover at the Department of Public Enterprises - a teflon man, so to speak - no accountability, no consequences.

It is a pity the union is so timid. Perhaps his latest scheme will spring them to life; he is planning to save the company by slashing salaries. Tighten your belts boys, the tax funded ponzi scheme may just end soon.