Business rescue practitioners (BRPs) acting for South African Airways (SAA) have warned that the airline is in a “dire financial position” and that funds for operational expenditure are “near depletion.”
The continued bleak outlook in the international market underlines the need for Cathay Pacific to undertake significant long-term changes and send a large proportion of its aircraft to storage, according to a senior executive at the airline.
The leaders of 14 UK airlines have urged Prime Minister Boris Johnson to roll out airport-based COVID-19 testing before the end of September or risk “economic ruin” for the sector.
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