South Africa’s finance minister has agreed to guarantee a further ZAR6.5 billion ($564.6 million) for South African Airways (SAA), which is battling to continue as a going concern. SAA, which is yet to finalize its financial statements for 2013-14, is trying to fix its liquidity, future funding and governance under an urgent ‘90-Day Action Plan’. At the launch of this push in December, acting CEO Nico Bezuidenhout said getting SAA back on track with its long-term ...

Subscribe to Access this Entire Article

"South Africa guarantees another $565m for SAA" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.