SAA's Govt Bailout - National Pride or National Disaster?
South African national carrier, South African Airways, seems well on its way to receiving yet another R5 billion bailout from the government, much to the disapproval of the majority of opposition parties who say the airline should be sold. The airline has been running at a loss for several years and has said it needs over R21 billion to recover.
South Africa: SAA Set for Another Bailout From Govt
allAfrica, 29 November 2018
South African Airways seems to be well on its way to receiving another bailout after the National Assembly approved a 2018 Special Appropriation Bill, which will allow the national… Read more »
Daily Maverick, 28 November 2018
Official discussions are under way about providing the financially troubled SAA with another R9.2-billion by March 2019, Parliament's public enterprise committee heard on Tuesday.… Read more »
South African Airways Airbus A340.
South Africa: South African Airways Gets U.S.$343 Million Govt Bailout
East African, 5 November 2018
South African Airways (SAA) has received $343 million from the government to pay off some of its debts and for capitalisation. Read more »
Official opposition party the Democratic Alliance has called for the dismissal of South African Airways chair Dudu Myeni over the "planned raid on pensioners' money" to salvage the ... Read more »