South Africa’s government said that it wanted its national airline flying again in the first half of next year, after giving it a 10.5 billion rand ($650 million) bailout in the mid-term budget, as per a Reuters report.

The department of public enterprises (DPE) said the latest cash injection meant a restructuring plan for South African Airways (SAA), which has been in a form of bankruptcy protection since December, can now go forward.

“The business rescue plan for SAA is fundamental and will create a solid base for the emergence of a competitive, viable and sustainable national airline,” it said in a statement.

 

https://www.logupdateafrica.com/south-african-govt-wants-national-airline-to-fly-by-h1-2021-aviation