Loading ...
Treasury was “binding the hands of Parliament” by effectively giving SAA a cash injection‚ without tabling the decision in Parliament.
That was the argument advanced by legal council for Comair‚ the JSE-listed British Airways franchisee that operates kulula.com‚ which is challenging the financial assistance provided by the government to prop up the struggling national carrier.
Comair said SAA would never be able to meet its debt obligations and was instead raising debt against fresh guarantees to pay for interest on older debt.