SAA is bankrupt

Seems some people are prepared to invest in SAA: https://www.fin24.com/Companies/Ind...ited-r21bn-offer-for-51-stake-report-20181223

A consortium of local and international investors are waiting in the wings to loan billions of rands to the embattled national carrier South African Airways - but their offer comes with a substantial equity share in the airline, reports Fin24 sister publication City Press.

The newspaper reported on Sunday that Fly Modern Ark and Cerberus Capital Management want a 51% stake in the cash-strapped airline in exchange for a R21bn loan, which is roughly what the ailing national carrier needs to keep running over the next few years.
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Such a pity. Feel esp sorry for the 2985 people at SAA who seem to be the only ones there actually doing any work. Each one of them is carrying a dozen people who are deadweight. Can you imagine how soul-destroying it is to work your guts out to keep a once good airline aloft, every day seeing the deployed cadres and incompetents pissing off customers and suppliers. So sad.
 
Arthur said:
Such a pity. Feel esp sorry for the 2985 people at SAA who seem to be the only ones there actually doing any work. Each one of them is carrying a dozen people who are deadweight. Can you imagine how soul-destroying it is to work your guts out to keep a once good airline aloft, every day seeing the deployed cadres and incompetents pissing off customers and suppliers. So sad.
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I would quit.
 
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