South African Airways (SAA) has reportedly reneged on an equity partnership agreement with Emirates Airline, which could have netted it more than two billion South African rand ($164.4 million).
Reports from South African suggest that the deal has collapsed after months of negotiations.
It was reported on Sunday that SAA chairwoman Dudu Myeni and CEO Nico Bezuidenhout were set to meet top officials from Emirates Airlines in Paris to conclude the deal.
But it is claimed that Myeni didn't turn up and Bezuidenhout was instructed not to sign the agreement which would have also given SAA the benefit of Emirates' global network reach and allow it to sell tickets on Emirates flights.
Calls are now being made for Wyeni to appear before Parliament to explain why the deal wasn't signed.
An Emirates spokesperson said: “Emirates and SAA have an existing codeshare and commercial partnership. We are exploring with the SAA team to enhance this cooperation further and open new opportunities for both carriers.”
South African Airways serves 56 destinations, in partnership with SA Express, SA Airlink and its low cost carrier, Mango, within South Africa and across the continent, and nine intercontinental routes from its Johannesburg hub.
An SAA spokesperson was contacted by Arabian Business but a statement was not immediately available.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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