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New SAA cash mayday after 'very tough' year.
(From Business Day (South Africa))
Byline: Linda Ensor
New SAA cash mayday after 'very tough' year Erwin says it is important for state to keep control of airline Political Correspondent CAPE TOWN Talks were under way with the national treasury to secure state support for the further recapitalisation of struggling national airline South African Airways (SAA), which had experienced another very tough financial year, Public Enterprises Minister Alec Erwin told Parliament yesterday.
Erwin told a parliamentary briefing that the airline needed additional funds to strengthen its balance sheet, and to expand its fleet and route network. Should the …
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