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Government Opts to Restructure South African Airways, BD Reports
Government Opts to Restructure South African Airways, BD Reports
23 Jan 2020, 05:37 AM IST
(Bloomberg) -- South Africa’s government has opted to restructure the national airline, Business Day reported, citing state officials it didn’t identify.
The option to reorganize South African Airways was favored over either liquidating the carrier, or closing it and retaining the company’s low-cost airline Mango, the Johannesburg-based newspaper said. The decision will likely mean SAA will require further state funding, it said.
To contact the reporter on this story: Paul Richardson in Johannesburg at pmrichardson@bloomberg.net
To contact the editor responsible for this story: Benjamin Harvey at bharvey11@bloomberg.net
©2020 Bloomberg L.P.
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