South African Airways is projecting a loss of R3.5bn for fiscal 2016-17 - more than double that of the previous financial year. Picture: SUPPLIED
SAA, one of several state-owned enterprises brought to its knees due to mismanagement by state capture, entered business rescue in 2019 after several years of operational losses and government bailouts that have weakened SA’s fiscal position. They said the flights were for passengers who could not be accommodated as a consequence of the immediate lockdown.
SAA has a 747?
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