The mess in South Africa
South African Airways (Johannesburg) is again having financial problems and has requested and reportedly received a loan from the government to bail out the company according to local media reports. Additional loans are expected to keep the airline flying as it continues in its “turnaround plan”.
The other independent carriers in South Africa, in competition domestically with the government flag carrier, are rightfully angry about the on-going state aid.
SAA will report a loss for the past year according to Business Day. The airline gave no comment to the local media.
Read the full report from BDlive: CLICK HERE
Copyright Photo: Wingnut. SAA operates a predominate Airbus fleet. Airbus A340-642 ZS-SNI (msn 630) taxies across the ramp at London (Heathrow).