- Massive aircraft parts have gone missing including an entire engine
- An audit was carried out after reports of an organised crime ring were operating out of South African Airways Technical
- South African Airways massive debt problem may be solved in three years
PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!
In a parliamentary briefing on Thursday, Tito Mboweni, the South African finance minister, revealed that massive aeroplane parts have been disappearing from SAAT (South African Airways Technical).
Among the items that have gone missing is an entire aeroplane engine. SAAT is a subsidiary of SAA (South African Airways) according to the dailysun.co.za.
Mboweni was perplexed as to how an entire engine could be moved off-site without anyone noticing.
"I was told a story by the CEO of SAA [Zuks Ramasia] which boggles the mind. She says a whole spare engine disappeared from SAA Technical. This big thing, how did it leave the airport? It boggles the mind … This is stuff of the movies, man," Mboweni said.
Briefly.co.za learned that an audit had been carried out at SAAT after reports of an organised crime syndicate were responsible for the theft of aircraft parts.
A report said that the parts were lost for ideological reasons.
"An aircraft part was lost for ideological reasons'. The ideology of what? The ideology of theft under the guise of Marxism," Mboweni said.
The threat was so severe that it led to the grounding of several planes after an inspection carried out by the SA Civil Aviation Authority (SACAA) at SAAT.
Mboweni said that the government is looking at ways of repaying the airlines R9.2bn debt over three years and that there are talks in progress with equity partners.
However, he felt that SA Express should be closed or absorbed into another airline. SAA owns a 3% share in an competitor of SA Express, Airlink.
Mboweni did not see the login in owning shares in a competing company.
"There is no logic whatsoever in having SA Express and Airlink competing with one another, while SAA owns 3% of Airlink," Mboweni said.
Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!