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Govt reveals proposals from private funders, investors interested in 'new' SAA

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In a statement, the Department of Public Enterprises said it intended to pursue credible proposals for investment and strategic partnership with the private sector.

JOHANNESBURG - Government on Tuesday said that it had received unsolicited proposals from private sector funders, private equity investors, and potential partners for a new national airline based on the broke South African Airways .

The carrier has been under a form of bankruptcy protection since December 2019, and its administrators earlier this month proposed a restructuring plan, warning that government would need to find at least R10 billion for it to work. In a statement, the Department of Public Enterprises said it intended to pursue credible proposals for investment and strategic partnerships with the private sector.Expression of Interest for New and Restructured SAA pic.twitter.com/M7OcZ0BGP2

 

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