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South Africa Airways: without the latest State loan will be bankruptcy

A loan of $ 540 million was requested from the government

South Africa Airways (SAA) has asked the government for a loan of about 540 million dollars starting from next month to be able to finance the 2019 air operations, this because the airline has not managed to generate profits since 2011, surviving mainly through guarantees and State loans. During a hearing in Parliament today, the management also presented the corporate restructuring plan where job...

M/A - 1216501
Pretoria, South Africa, 11/27/2018 17:43
AVIONEWS - World Aeronautical Press Agency

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