FILE PHOTO: A South African Airways plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. Picture taken January 18, 2020. REUTERS/Rogan Ward/File Photo
The government bailout from state-owned Development Bank of Southern Africa was announced on Tuesday. The treasury had initially promised a 2 billion rand rescue package, but that funding had stalled when Finance Minister Tito Mboweni insisted it be done in a way that avoids increasing the budget deficit.SAA is fighting for its survival after it entered a form of bankruptcy protection in December and cancelled some flights because of cash shortages. The carrier has not made a profit since 2011.
I respect Mmusi's suggestion, yet my suggestion is that SAA just shuts down and pay out the labourers, and let the board members restructure things with out labour pressures this is if they are bailed out, and when all is ready they can resume course a new.
SellSAA
The executives have taken off with the bail out money like the banks did in 2009
I'm pretty sure the government bailout was a joke. The government bailout was a joke.
I hate to hear they're struggling. One of the best flights I remember taking out of the country was on this airline.
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