South African government guarantees $600 million in loans for SAA

The South African government has agreed to guarantee ZAR5 billion ($600 million) in loans for South African Airways for two years. The guarantee will enable the financially troubled carrier to borrow from the financial markets, continuing operations. According to a government statement, the SAA...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.