For South African Airways a USD600m bailout is last roll of the dice
The South African government is open to private sector participation in the state-owned airline, once the biggest in Africa.
On 31-Oct-2019 the government announced that it would provide a USD600 million subsidy over three years to pay down the airline's debt, in the hope that this would accelerate the process.
At the same time, LCCs are establishing a stronger foothold on the continent, with the leading models in South Africa.
The big question now is whether the new and massive intervention will establish SAA back on the road to its former glory.
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