Africa: SAA Needs R21.7 Billion Just to Stay in the Air Until Mid-2019

[Daily Maverick] Official discussions are under way about providing the financially troubled SAA with another R9.2-billion by March 2019, Parliament's public enterprise committee heard on Tuesday. Such a financial parachute would come within just four months after the R5-billion bailout the National Assembly is expected to approve on Wednesday as a special appropriation. SAA told MPs it actually needed R21.7-billion to stay in the air. And that would have to come from government, according to its approved corporate plan, '

from AllAfrica News: Africa
via READ MORE