South African Airways says flights operating normally after bailout talks stall
South African Airways said Monday that its flights to all destinations were operating normally, after talks over the weekend on a bailout plan for the carrier ended with no solution. Govt officials are scrambling to work out how they can provide ZAR2b (US$138m) of funds they promised when SAA entered a form of bankruptcy protection last month. The airline’s business rescue practitioners held talks with the govt at the weekend to try to find a solution on the funding gap. But as of Sunday evening, no solution had been found, a person briefed on the talks said. Last week, a senior trade union official said SAA could have to suspend some flights and delay salary payments if the govt didn’t come up with a plan to provide the ZAR2b soon. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-21/star/south-african-airways-says-flights-operating-normally-after-bailout-talks-stall
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South African Airways says flights operating normally after bailout talks stall
South African Airways said Monday that its flights to all destinations were operating normally, after talks over the weekend on a bailout plan for the carrier ended with no solution. Govt officials are scrambling to work out how they can provide ZAR2b (US$138m) of funds they promised when SAA entered a form of bankruptcy protection last month. The airline’s business rescue practitioners held talks with the govt at the weekend to try to find a solution on the funding gap. But as of Sunday evening, no solution had been found, a person briefed on the talks said. Last week, a senior trade union official said SAA could have to suspend some flights and delay salary payments if the govt didn’t come up with a plan to provide the ZAR2b soon. <br/>
