JOHANNESBURG, Nov 29 (Reuters) - Worldwide journey company Flight Centre Journey Group has stopped
JOHANNESBURG, Nov 29 (Reuters) – Worldwide journey company Flight Centre Journey Group has stopped promoting tickets on South African Airways (SAA) flights after a journey insurance coverage agency stated it could not cowl SAA tickets towards insolvency.
State-owned SAA did not pay workers full salaries this month and has stated it has virtually no money left after a week-long strike.
Flight Centre stated in a letter to purchasers dated Nov. 28 that its most well-liked journey insurance coverage supplier and their underwriters have been not keen to cowl SAA underneath their Journey Provider Insolvency profit “attributable to doubts regarding to long-term viability of the airline.”
“In gentle of the above developments and persevering with considerations relating to SAA, Flight Centre Journey Group South Africa has decided to not promote SAA, till such time as we have now obtained certainty out there,” the letter learn.
Journey Insurance coverage Consultants stated in a press release on its web site that its re-insurers had instructed the…