South African Airways Says Latest Cash Injection Is Not Enough
South African Airways is expected to shortly receive a 5.5 billion rand ($376 million) infusion for the new fiscal year. But the beleaguered carrier says that is not enough to keep the lights on. SAA has debt of 12.7 billion rand ($868 million), of which about 3/4 of that is so-called legacy debt while 1/4 … Continue reading South African Airways Says Latest Cash Injection Is Not Enough
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