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SOUTH AFRICA
  • DPE Minister Gordhan: SAA could take to the skies as early as August, having exited business rescue in April
  • Gordhan said SAA's struggling subsidiaries – Mango, Air Chefs and SAA technical – will get R2.7 billion as soon as parliament approves this.
  • Notes restructuring of SAA technical had started after it lost between 70% and 80% of its business during lockdown.
  • SA's difficulties impacted on Mango, which currently has most of its planes grounded. Air Chefs is presently dormant.
  • The Special Appropriations Bill before Parliament provides for R2.7 billion of the R10.5 billion given to SAA to be split between the three subsidiaries to keep them going
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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