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Latest news

Ministers cleared amid leadership change at SAA

South Africa's deputy president, Paul Mashatile, has welcomed findings by the country's Public Protector clearing him and transport minister Barbara Creecy of wrongdoing in the appointment of Johan Lamola, now the outgoing group CEO of South African Airways.

In a statement on April 13, Mashatile said Public...

South Africa's deputy president, Paul Mashatile, has welcomed findings by the country's Public Protector clearing him and transport minister Barbara Creecy of wrongdoing in the appointment of Johan Lamola, now the outgoing group CEO of South African Airways.

In a statement on April 13, Mashatile said Public Protector Kholeka Gcaleka had "found no evidence" that the ministers had improperly interfered in the recruitment process or breached the executive ethics code. He said the findings also confirmed that media reports suggesting they held "private interviews" outside the formal selection process had been "misguided, misleading, and mischievous".

Mashatile's comments follow SAA's announcement late on April 8 that Lamola had resigned as group CEO, effective April 30, 2026. This followed the recent resignation of three SAA non-executive directors for "varying reasons", the airline said, while acting CFO Lindsay Olitzki retired shortly before financial year-end.

This comes after the Auditor-General of South Africa (AGSA) issued a disclaimer of opinion for the SAA Group 2025 financial year results, noting internal control deficiencies such as inadequate oversight of subsidiary reporting and failure to implement action plans for prior-year audit findings. SAA had failed to comply with several Public Finance Management Act requirements, including the late submission of financial statements.

The AGSA also found that a significant asset was disposed of without necessary approvals, and there was no evidence of disciplinary steps taken against officials who incurred irregular or fruitless expenditure. Additionally, technical services revenue and maintenance costs at SAA's MRO arm, SAA Technical, lacked adequate records, and the group failed to record transactions on an accrual basis, leading to misstated operating costs.

Matshela Seshibe, CEO of SAA subsidiary Air Chefs, will step in as acting group CEO from May 1, with a new recruitment process to commence soon.

Seshibe's appointment has raised questions from corruption watchdog Organisation Undoing Tax Abuse about his lack of airline experience and his previous suspension in 2022 as CEO of the Public Investment Corporation-funded poultry producer Daybreak Farms, amid allegations of authorising millions of rands in irregular payments.

Breaches not substantiated

Meanwhile, in her 64-page closing report released March 31, Gcaleka found that allegations of abuse of power and ethical breaches in the appointment of Lamola in February 2025 were "not substantiated".

The investigation originated from a February 2025 complaint by Democratic Alliance member of parliament Willie Aucamp, who alleged that Lamola was a "political deployment" candidate pushed into the role despite receiving the lowest scores during the evaluation process.

However, the Public Protector found the recruitment process lawful and procedurally compliant. While the SAA board had shortlisted candidates, including preferred contender Allan Kilavuka, former group CEO of Kenya Airways, Creecy had the authority to make the final appointment as shareholder representative.

Gcaleka said Creecy exercised independent judgment, citing Lamola’s performance as acting CEO during a return to financial solvency. Before this permanent appointment, Lamola had served as the interim group CEO of SAA since May 1, 2022.

Vista begins Global 7500 to Global 8000 retrofit programme

Vista Global Holding, trading as Vista, has begun upgrading all Global 7500s to Global 8000s, starting with the first of 18 aircraft. The operator plans to convert two aircraft per month, with the full fleet expected to be operational as Global 8000 jets by the end of 2026.

“For our members, greater...

Vista Global Holding, trading as Vista, has begun upgrading all Global 7500s to Global 8000s, starting with the first of 18 aircraft. The operator plans to convert two aircraft per month, with the full fleet expected to be operational as Global 8000 jets by the end of 2026.

“For our members, greater speed and extended range translate directly into practical benefits, such as reaching their destination faster or travelling more efficiently with direct flights. With more members flying further and more frequently, these capabilities allow us to offer greater flexibility,” said Vista founder and chairman Thomas Flohr.

The Global 8000 offers performance enhancements over the Global 7500, particularly in range and speed, alongside a lower cabin altitude. The retrofit is being delivered under a Bombardier Business Aircraft service bulletin through engineering and software upgrades.

Although the identity of the first Vista Global 7500 converted to a Global 8000 has not been disclosed, ch-aviation research shows that 2021-built 9H-VIJ (msn 70095), operated by VistaJet (Malta), has been parked since April 3 at London Biggin Hill. The location is where Bombardier upgraded the first Global 7500 to a Global 8000 for a private Australian customer in early 2026.

Vista operates fifteen additional Global 7500s under VistaJet Malta, along with two more under the Part 135 certificate of JetSelect Aviation, part of Vista America. The group further manages at least two other Global 7500s registered in the United States, one under JetSelect Aviation's certificate and the another under Jet Edge.

Vista also operates several other Global-series jets, including the Global Express XRS, Global 5000, and Global 6000 variants across VistaJet Malta and Vista America.

Beyond this, the group, which also includes VistaJet (Germany), operates other Bombardier, Dassault Aviation, Embraer Executive Jets, Gulfstream Aerospace, and Textron Aviation aircraft. Earlier this year, Vista placed an order with Bombardier for forty Challenger 3500s, with options for 120 additional units.

Similar to Vista, NetJets Aviation is also converting its fleet of Global 7500s. The fractional ownership specialist, which took delivery of a factory-new Global 8000 earlier this year as part of four firm orders, will convert twenty Global 7500s to the Global 8000 standard.

Wheels Up to enact reverse stock split amid compliance push

Wheels Up (WUP, Teterboro) will execute a 1-for-20 reverse stock split of Class A common stock after market close on April 24. The operator aims to align share count more closely with peers of similar market capitalisation and support compliance with New York Stock Exchange (NYSE) listing standards. The company first...

Wheels Up (WUP, Teterboro) will execute a 1-for-20 reverse stock split of Class A common stock after market close on April 24. The operator aims to align share count more closely with peers of similar market capitalisation and support compliance with New York Stock Exchange (NYSE) listing standards. The company first received an NYSE notice in April 2025, regained compliance in June after a reverse stock split, and was issued another notice on December 17.

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