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SAA could receive a further $1.2bn from South African government

A new draft proposal has been announced by administrators overseeing the finances of South African Airways, which includes a US$1.2 billion bailout loan to help the airline overcome the effects of the coronavirus outbreak. The team was given 25 days to come up with the plan in May. The proposal is just that, a request,

Thursday airline updates: SAA given 25 days to restructure, funding boost from government

On 15 May, the South African government requested a business plan for South African Airways within 25 days. Plans to rescue the airline have been ongoing since late 2019 and, even allowing for the challenges of the coronavirus pandemic, the government has not been satisfied with progress. The standing committee on public accounts has asked

Thursday airline updates: Ethiopian considering rescue of smaller African airlines

Ethiopian Airlines, the largest airline in Africa, has stated it is ready to rescue other airlines within the continent including the failing South African Airways. This comes despite Ethiopian having its own difficulties due to the COVID-19 pandemic. Chief executive Tewolde GebreMariam has also stated he wants to rescue Air Mauritius, which has gone into


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