South African Airways needs around $4.6 billion in private funding to restructure and renew its inefficient long-haul fleet, but cannot count on direct government money as part of the rescue plan. South Africa’s newly appointed Public Enterprises Minister Lynne Brown stated that while the government would not inject money itself, “we are looking at guarantees for funding.“ The government would only step in if SAA turned out to be unable to make payments to creditors. It has ...
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