30 June 2023 - NW2109
Esau, Mr S to ask the Minister of Public Enterprises
What are the detailed circumstances around the sale of the SA Airways (SAA) fleet by a certain person (name furnished) to a company owned by the specified person and subsequently leased to SAA and (b) who authorised the specified sale?
According to the information received from SAA
- The record shows that during Coleman Andrew’s tenure as CEO, the Board on 14 April 2000, considered the sale and leaseback of B737-200 aircraft and approved:
- The sale of 13 B737-200 ADV aircraft (11 passenger and 2 freighters) to SafAir, or a party nominated by SafAir acceptable to SAA.
- That SAA enters a 5 and half year leaseback in respect of each aircraft.
- That SAA leases an additional 3 B737-200 aircraft from SafAir if required by the Airline; and
- That SAA leases 2 new generation narrow-body aircraft from SafAir provided the terms were equal or better than the other offers received by SAA.
Note that SafAir is a South African aircraft leasing company and there was no declaration in the minutes that this company was owned by Mr. Andrews.
- Based on the above Board resolution, the sale was authorized by the Board at the time.
Remarks: Reply: Approved / Not Approved
Jacky Molisane P J Gordhan, MP
Acting Director-General Minister