SAA may be closer to lift-off, new owner ‘pretty comfortable’ about finding R3bn

The SAA business rescue has finally ended. Photo by: SAA

The original article can be found here.

Article highlights:

  • After months of being in business rescue, SAA has been awarded a renewed operating air licence and has made all management and specialist pilot appointments to enable lift-off;
  • Its new controlling shareholder says it’s still to early to say where the R3 billion to fund the airline in coming years will come from, but the group’s “pretty comfortable” about its ability to secure the money;
  • Harith has denied speculation that the Public Investment Corporation may play a role.