JOHANNESBURG (Reuters) – South African Airways (SAA) said on Monday that its flights to all destinations were operating normally, after talks over the weekend on a bailout plan for the state carrier ended with no solution.
Government officials are scrambling to work out how they can provide 2 billion rand ($138 million) of funds they promised when SAA entered a form of bankruptcy protection last month.
Airline - Business - Rescue - Practitioners - Talks
The airline’s business rescue practitioners held talks with the government at the weekend to try to find a solution on the funding gap. But as of Sunday evening, no solution had been found, a person briefed on the talks told Reuters.
Last week, a senior trade union official said SAA could have to suspend some flights and delay salary...
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