SAA meaning in Business ?

South African Airways is the flag carrier airline of South Africa.

Founded in 1934, the airline is headquartered in Airways Park at O. R. Tambo International Airport in Johannesburg and operated a hub-and-spoke network, linking over 40 local and international destinations across Africa, Asia, Europe, North America, South America, and Oceania. The carrier joined Star Alliance in April 2006 (2006-04), making it the first African carrier to sign with one of the three major airline alliances.

The airline entered voluntary business rescue in December 2019 as a result of many years of financial losses, and suspended all operations the following year. In June 2021, the government announced that in an attempt to revive the airline, it had entered into a partnership with the Takatso Consortium, which would hold a 51% controlling stake. The South African Civil Aviation Authority confirmed on 4 August 2021 that SAA's air operator's certificate had been reissued with an approved fleet of eight aircraft.

The airline restarted operations on 23 September 2021 despite not having concluded the investment agreement with the proposed private partners. Nonetheless, SAA was recognised as the second best airline in Africa by Skytrax in 2021, despite not having flown a single scheduled flight for 18 months.