Tribunal sets aside R85m SAA lease deal
The tribunal found the agreement lacked a competitive procurement process
The Special Tribunal has overturned a 2019 extension of a lease deal between South African Airways (SAA) and Flyfoffa Airways for a Boeing 737-300 freighter. The tribunal ruled that the agreement was not conducted through the proper competitive procurement process and without the necessary approval from National Treasury. The deal, worth around R85 million, took place before SAA entered business rescue.
SAA has expressed satisfaction with the tribunal's decision, emphasizing that lawful procurement of public resources is crucial. The tribunal's ruling affirms the importance of adhering to legal procedures when acquiring public assets.
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