This week, South African Airways (SAA) was not in a good place.
Local media and Flight Global reports that president Cyril Ramaphosa told ministers, deputy ministers and the cabinet secretary in an unofficially circulated letter that SAA will have to go into voluntary business rescue.
The loss-making airline had already put plans in place for “extensive restructuring” but recent strikes have contributed further to a deterioration in its financial position, causing these more drastic measures.
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