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South African Airways awaits for state cash
(MENAFN) The national carrier of South Africa is waiting for new on a state cash injection that would help remain operational, Times of Oman reported.
The South African Airways (SAA) is suffering from a weak currency in the country and an old fleet
The firm's chief financial officer said: "There are currently discussions with the national Treasury, we hope that we get good news soon the capitalization.
The government has extended a two-year guarantee of USD444 million issued in 2012 in exchange for vast restructuring
The South African Airways (SAA) is suffering from a weak currency in the country and an old fleet
The firm's chief financial officer said: "There are currently discussions with the national Treasury, we hope that we get good news soon the capitalization.
The government has extended a two-year guarantee of USD444 million issued in 2012 in exchange for vast restructuring
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