Takatso Consortium is 51% black-owned, and was expected to initially pump in R3bn into the airline while retaining the name. Gordhan said the government would not be putting any more money into SAA and all funding would come from Takatso.
The new airline would be launched once all “due diligence” had been completed, it was said at the time.
In Wednesday's statement, interim SAA CEO Thomas Kgokolo said he was delighted that the airline would be back in the skies.
“SAA will as an initial phase operate flights from Johannesburg to Cape Town, Accra, Kinshasa, Harare, Lusaka and Maputo. More destinations will be added to the route network as it ramps up operations in response to market conditions.
“There is a profound feeling of enthusiasm within 'Team SAA' as we prepare for takeoff, with one common purpose — to rebuild and sustain a profitable airline that once again takes a leadership role among local, continental and international airlines.
“The aviation sector is going through a testing period, and we are aware of the tough challenges that lie ahead. We thank SA for the support we have received in getting us to where we are today,” said Kgokolo.
TimesLIVE