South African Airways on the verge of bankruptcy

[sn26567]

In order to cut losses, South African Airways (SAA) plans to significantly reduce its flights by 23% from the end of the year‚ 37% of which would be on domestic routes‚ 11% regional and 4% on international. It will also get rid of 5 wide-body aircraft.

http://www.sowetanlive.co.za/business/2 ... ghts-by-23
(link communicated by Beniamin Petrovai)

See also our article: South African Airways on the verge of bankruptcy

[Passenger]

Saved by the bell:

https://www.businesslive.co.za/bd/natio ... bank-debt/

[Passenger]

Some amounts in Euro:
http://www.tourismupdate.co.za/article/ ... ess-rescue

[Passenger]

Unconfirmed press report: Peter Davies (CEO SN Brussels Airlines 02/2002-12/2005) has been asked to help them:
http://www.fin24.com/Companies/Industri ... d-20171005

Next problem to be solved:
http://www.fin24.com/Companies/Industri ... t-20171012