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Old Feb 15, 2020, 3:31 am
  #168  
thijsseh
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Join Date: Mar 2006
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Originally Posted by TheCanuckian
And now there is talk about SAA selling its Heathrow slots to raise some extra money: https://www.bloomberg.com/news/artic...to-raise-funds
Yes, they 'owned' three slot pairs, but when they discontinued the CPT/LHR/CPT route, they sold one.
Undoubtedly selling a slot pair raises a lot of cash for SAA, but it is exceedingly difficult to get one back as they are seldom for sale (and if they are, the price is sky high). So if they sell one, they kill one LHR rotation more or less forever.
Of course the whole issue may be moot if the airline goes bang in the end. At least then they can sell both pairs to raise some cash to pay off a few creditors....
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