SA’s aviation industry is teetering on the brink of collapse as it tallies up the costs of a nationwide lockdown that has grounded hundreds of aircraft, putting nearly half-a-million jobs at risk, the head of an industry group said.
"If we do not start soon to operate [again] the situation will worsen and we will see further collapse. All airlines will be affected," Chris Zweigenthal, CEO of the Airlines Association of Southern Africa, told Business Day on Tuesday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
It has been there for a very long time. Gov bailouts helped keep it going.
just another day of our yearly decaying state
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Oil’s dramatic collapse leaves the industry over a barrelThe last time crude was this cheap was in 1870, but for some storage operators, it’s jackpot time 👀 If our economy was stronger we could replace the reserves stolen by our previous gov ministers 🙈
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