South African High Court Imposes Fine on National Airline
The South Gauteng High Court has agreed with the Competition Tribunal that South African Airways's behaviour between 2001 and 2005 was the largest contributing factor to rival Nationwide's loss in passenger volumes.
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South Africa:
Court Imposes Huge Fine on National Airline
News24Wire, 10 August 2016
South African Airlines (SAA) "tried all the tricks in the book", but the law has finally prevailed and it "serves them right", Vernon Bricknell former owner and MD of Nationwide… Read more »
(file photo).
InFocus
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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 »