SAA has not made a profit since 2011 and has had more than R20 billion in bailouts over the last three years.
The airline says the money will also give stakeholders of the airline and partners comfort that the rescue process is on a significantly sounder footing.
SAA on a high ANC pockets higher where is this flight going?
Till next month
On a high my ass....
They'll be back on a begging trail 6 months down the line. So, there's nothing to be excited about.
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SAA gets R3.5bn emergency funding from state-owned bank | IOL Business ReportCash-strapped SAA will receive R3.5 bn of emergency funding from the Development Bank of Southern Africa, the airline's business rescue practitioners said. ? HOW DO YOU PAY IT BACK Rescue...... We as South Africans will need to be rescued after this.... Worse decision ever made... What could that money have saved at Eskom?
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