South African Airways Secures $240M Lifeline

Victoria Moores January 29, 2020
aircraft
Credit: Rob Finlayson
South African Airways (SAA) has secured R3.5 billion ($240 million) in funding from the Development Bank of Southern Africa (DBSA), which will be used to provide short-term liquidity. SAA was put into business rescue on Dec. 5, 2019 because of the airline’s critical financial situation. Business...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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