South African Airways in Trouble Again
The country's government has had to bail out the national carrier yet again to cover fuel costs and prevent its local and international flights from being grounded.
South Africa: SAA in Crisis Yet Again (press release)
Democratic Alliance, 7 January 2013
A report in the Sunday Times of 6 January 2013 confirms that South African Airways (SAA) is once again in a state of severe crisis. Thousands of passengers narrowly missed having ... read more »
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South Africa: Govt Bails Out National Airline
South African Press Association, 6 January 2013
South African Airways received an emergency loan to cover fuel costs, preventing the grounding of its local and international flights, according to a report on Sunday. read more »
South African Airways plagued by top management resignations and rumours of financial mismanagement, will be assessed by a task team appointed by the Public Enterprises Minister, ... Read more »
Siza Mzimela's shock resignation as CEO of South African Airways, belies government's assertion that all is well at Africa's largest airline. Read more »
The government has granted controversy-plagued South African Airways a five billion rand (U.S. $590 million) guarantee to back its turnaround strategy.
The announcement came ... Read more »