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Gordhan: Pilot Deal Making SAA unattractive; Equity Partner Needed ASAP

SOUTH AFRICA
  • DPE head Gordhan says current pilot deal is too expensive & makes SAA unattractive for investors
  • Rescue practitioner proposes 50% salary & allowance cut for pilots
  • R2bn (of R10.5bn) has been provided as working capital for SAA to return to operation
  • Making it crucial to find an equity partner ASAP
  • Unfortunately, none are on the horizon with ethiopian not interested in allocating capital
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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