Tag: flightcom

Government approves SAA rescue plan, appoints new interim CEO

The government has approved a rescue plan for the ailing South African Airways that could cost taxpayers up to R16.3 billion, and is likely to be controversial. Already taxpayers have propped up the loss-making airline to the tune of R30 billion, in the last decade. Part of the plan is to get private money to fund the rescue plan and the appointment of a new interim CEO, Phillip Saunders. Guy Leitch, Editor of SA Flyer & FlightCom magazines joins CNBC Africa for more.
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