SAA gets R3.5 billion lifeline

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Jamie McKane

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SAA gets R3.5 billion lifeline

The business rescue practitioners (BRPs) of South African Airways (SAA) have announced that they will receive a total amount of R3.5 billion from the Development Bank of Southern Africa.

The SAA BRPs received this aid with the support of the Departments of Public Enterprises and National Treasury, and said it is sufficient to meet the short term liquidity requirements of the airline for the period until the business rescue plan is published and adopted.
 
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SAA desperately needs its government bailout

Not talking about specific flights, by flights I mean flights of a route. Then you stop offering that route. You don't cancel flights people have paid for and depend on. It was an act of desperation to pay for salaries.
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And in 3 months time when this money is finished .

WASH

RINSE

REPEAT.
 
THIS

stating that the airline is a “key strategic asset” serving local and international customers.

Is the SLAYER ....

I keep on trying to find some tiny little ray of hope -- however -- it appears the train in the tunnel has fallen off the tracks
and
The torch batteries have gone flat
 
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