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South African govt wants national airline to fly by H1 2021

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Logistics Update Africa
South African govt wants national airline to fly by H1 2021

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

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